{"id":1004118110,"date":"2015-04-23T10:25:56","date_gmt":"2015-04-23T18:25:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=341163"},"modified":"2020-05-21T23:30:44","modified_gmt":"2020-05-22T07:30:44","slug":"hartz-mountain-drops-55m-on-charlotte-industrial-asset-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/","title":{"rendered":"Hartz Mountain Drops $55M on Charlotte Industrial Asset"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_341414\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-341414\" title=\"RSI Distribution Center\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-Center.jpg\" alt=\"\" width=\"300\" height=\"149\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">RSI Distribution Center aerial view<\/p>\n<\/div>\n<p>New Jersey-based Hartz Mountain Industries Inc. has acquired the one-million-square-foot RSI Distribution Center in Metro Charlotte, paying $55.7 million. Cushman &amp; Wakefield | Talhimer\u2019s Capital Markets Group represented seller The Keith Corp. in the property\u2019s sale, aided by the company&#8217;s Charlotte office.<\/p>\n<p>The Class A industrial facility, located on 82 acres of the 680-acre Lincoln County Industrial Park, is fully leased to RSI Home Products, the world\u2019s largest manufacturer of laminate kitchen and bath cabinetry. The tenant has a new 15-year triple-net lease on the property through August 2029.  The lease structure includes a 1.4 percent annual escalation between years one and five, followed by an annual increase of 1.5 percent through year 15. The property\u2019s net operating income will clock in at $3,349,769 in commercial year 2015.<\/p>\n<div id=\"attachment_341417\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-Center-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-341417\" title=\"RSI Distribution Center \" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-Center-2.jpg\" alt=\"\" width=\"300\" height=\"147\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">RSI Distribution Center ground view<\/p>\n<\/div>\n<p>The tenant\u2019s revenues have more than quadrupled since 2004, when it opened its first location in Lincoln County Industrial Park, reaching $500 million in fiscal year 2013. As a result, RSI Distribution Center has expanded three times. The most recent expansion, executed in 2014, added 225,000 square feet. According to Cushman &amp; Wakefield | Talhimer, RSI is considering an additional 100,000-square-foot expansion.<\/p>\n<p>As a result of its multi-phase development, the distribution facility is suited for future multi-tenant use. Individual phases range between 200,000 square feet and 350,000 square feet.  Strategically located within the 4.4-million-square-foot Lincoln County Industrial Park, the facility has optimal access to I-85, the Southeast\u2019s primary industrial route and I-40, the Southern United States\u2019 most important east-west distribution corridor via the US Highway 321 Inter-Connector.<\/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\" rel=\"nofollow\" >Click here<\/a> for further Charlotte market data<\/em><\/p>\n<p><em>Images courtesy of Cushman &amp; Wakefield | Talhimer<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Jersey-based Hartz Mountain Industries, Inc. has acquired the one-million-square-foot RSI Distribution Center in Metro Charlotte, paying $55.7 million, Cushman &amp; Wakefield | Talhimer announced.<\/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-1004118110","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hartz Mountain Drops $55M on Charlotte Industrial Asset - 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\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hartz Mountain Drops $55M on Charlotte Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"New Jersey-based Hartz Mountain Industries, Inc. has acquired the one-million-square-foot RSI Distribution Center in Metro Charlotte, paying $55.7 million, Cushman &amp; Wakefield | Talhimer announced.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/\" \/>\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=\"2015-04-23T18:25:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T07:30:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Hartz Mountain Drops $55M on Charlotte Industrial Asset\",\"datePublished\":\"2015-04-23T18:25:56+00:00\",\"dateModified\":\"2020-05-22T07:30:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/\"},\"wordCount\":281,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/RSI-Distribution-Center.jpg\",\"articleSection\":[\"Charlotte\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/\",\"name\":\"Hartz Mountain Drops $55M on Charlotte Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/RSI-Distribution-Center.jpg\",\"datePublished\":\"2015-04-23T18:25:56+00:00\",\"dateModified\":\"2020-05-22T07:30:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/RSI-Distribution-Center.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/RSI-Distribution-Center.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hartz Mountain Drops $55M on Charlotte Industrial Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\",\"name\":\"Eliza Theiss\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"caption\":\"Eliza Theiss\"},\"description\":\"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/eliza\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hartz Mountain Drops $55M on Charlotte Industrial Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/","og_locale":"en_US","og_type":"article","og_title":"Hartz Mountain Drops $55M on Charlotte Industrial Asset","og_description":"New Jersey-based Hartz Mountain Industries, Inc. has acquired the one-million-square-foot RSI Distribution Center in Metro Charlotte, paying $55.7 million, Cushman &amp; Wakefield | Talhimer announced.","og_url":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-04-23T18:25:56+00:00","article_modified_time":"2020-05-22T07:30:44+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-Center.jpg","type":"","width":"","height":""}],"author":"Eliza Theiss","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/"},"author":{"name":"Eliza Theiss","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4"},"headline":"Hartz Mountain Drops $55M on Charlotte Industrial Asset","datePublished":"2015-04-23T18:25:56+00:00","dateModified":"2020-05-22T07:30:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/"},"wordCount":281,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-Center.jpg","articleSection":["Charlotte","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/","url":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/","name":"Hartz Mountain Drops $55M on Charlotte Industrial Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-Center.jpg","datePublished":"2015-04-23T18:25:56+00:00","dateModified":"2020-05-22T07:30:44+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-Center.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/RSI-Distribution-Center.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hartz Mountain Drops $55M on Charlotte Industrial Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4","name":"Eliza Theiss","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","caption":"Eliza Theiss"},"description":"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/eliza\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004118110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004118110"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004118110\/revisions"}],"predecessor-version":[{"id":1004451043,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004118110\/revisions\/1004451043"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004118110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004118110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004118110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}