{"id":1004116639,"date":"2015-03-31T12:56:09","date_gmt":"2015-03-31T20:56:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=336310"},"modified":"2020-04-20T22:53:42","modified_gmt":"2020-04-21T06:53:42","slug":"cushman-wakefield-thalhimer-completes-sale-of-123ksf-industrial-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-thalhimer-completes-sale-of-123ksf-industrial-hq\/","title":{"rendered":"Cushman &amp; Wakefield | Thalhimer Completes Sale of 123KSF Industrial HQ"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_336311\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/South-Point-Business-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-336311\" title=\"South Point Business Center\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/South-Point-Business-Center.jpg\" alt=\"\" width=\"300\" height=\"179\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">South Point Business Center<\/p>\n<\/div>\n<p>Cushman &amp; Wakefield | Talhimer has announced completing the sale of South Point Business Center, a 123,200-square-foot single-tenant industrial headquarters facility in Charlotte\u2019s Southwest submarket.<\/p>\n<p>Buyer Founders Properties paid $9.25 million for the industrial warehouse and light manufacturing complex located on South Ridge Drive. The state-of-the-art facility serves as a mission-critical headquarters and manufacturing location for Specialty Manufacturing Inc., a top manufacturer of safety equipment and related products to the transportation industry.<\/p>\n<p>Specialty Manufacturing has a new 10-year triple-net lease on the facility. South Point Business Center is located in Charlotte\u2019s Southwest submarket, which boasts a 96 percent occupancy rate. According to Chris Norvell, SIOR of Thalhimer\u2019s Capital Markets Group, there is &#8220;extremely strong demand for well-positioned industrial assets throughout the Carolinas.\u201d<\/p>\n<p>Buyer Founders Properties purchased South Point Business Center from Dalfen America Corp. The latter was represented by Cushman &amp; Wakefield | Thalhimer&#8217;s Capital Markets Group. The sale was completed by Chris Norvell, SIOR and Bill Simerville of Cushman &amp; Wakefield | Thalhimer\u2019s Capital Markets Group, and aided by Eric Ridlehoover, Lane Holbert, CCIM, SIOR and Fermin DeOca of Cushman &amp; Wakefield | Thalhimer\u2019s Charlotte Office.<\/p>\n<p>CBRE Capital Markets\u2019 Debt &amp; Structured Finance (DSF) team arranged a $5.5 million acquisition financing for the buyer earlier in March. Founders Properties was represented by Doug Seylar, Murray Kornberg, Scott Larson and Ben Bastian in the CBRE Debt &amp; Structured Finance Minneapolis, and Steve Heffner and Nate Sittema of the CBRE Debt &amp; Structured Finance Charlotte office.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield | Thalhimer<\/em><\/p>\n<p><em><a title=\"MARKET SNAPSHOT: Charlotte Apartment Market on the Rise: Sales, Rents and Vacancies to Climb in 2014\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-charlotte-apartment-market-on-the-rise-sales-rents-and-vacancies-to-climb-in-2014\/1004100679.html\" target=\"_blank\" rel=\"nofollow\">Click here<\/a> for further Charlotte market data<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &amp; Wakefield | Talhimer has announced completing the sale of South Point Business Center, a 123,200-square-foot single-tenant industrial headquarters facility in Charlotte&rsquo;s Southwest submarket.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004116639","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cushman &amp; Wakefield | Thalhimer Completes Sale of 123KSF Industrial HQ - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-thalhimer-completes-sale-of-123ksf-industrial-hq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman &amp; Wakefield | Thalhimer Completes Sale of 123KSF Industrial HQ\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield | Talhimer has announced completing the sale of South Point Business Center, a 123,200-square-foot single-tenant industrial headquarters facility in Charlotte&rsquo;s Southwest submarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-thalhimer-completes-sale-of-123ksf-industrial-hq\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-31T20:56:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-21T06:53:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/South-Point-Business-Center.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-thalhimer-completes-sale-of-123ksf-industrial-hq\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-thalhimer-completes-sale-of-123ksf-industrial-hq\/\",\"name\":\"Cushman &amp; 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