{"id":1004162709,"date":"2016-12-28T11:11:14","date_gmt":"2016-12-28T19:11:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004162709"},"modified":"2022-12-05T13:35:29","modified_gmt":"2022-12-05T21:35:29","slug":"jv-to-deliver-367ksf-industrial-park-in-charlotte","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/","title":{"rendered":"JV to Deliver 367 KSF Industrial Park in Charlotte"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004162631\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004162631\" data-attachment-id=\"1004162631\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/capture2-4\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg\" data-orig-size=\"1654,858\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1482924266&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Capture2\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The future location of SteelePoint, Charlotte, N.C.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg?w=1024\" class=\"size-medium wp-image-1004162631\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg\" alt=\"The future location of SteelePoint, Charlotte, N.C. \" width=\"300\" height=\"156\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg 1654w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg?resize=300,156 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg?resize=768,398 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg?resize=1024,531 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg?resize=1536,797 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004162631\" class=\"wp-caption-text\">The future location of SteelePoint, Charlotte, N.C.<\/p><\/div>\n<p><strong>Charlotte, N.C.<\/strong>\u2014A partnership between real estate investment firms Foundry Commercial and Thackeray Partners recently announced the development of a 367,000-square-foot project in Charlotte&#8217;s Southwest submarket. The project will consist of two Class A warehouses, to be known as SteelePoint. The new industrial park will capitalize on dynamic market fundamentals, including single-digit vacancy, strong user demand and limited new supply.<\/p>\n<p>SteelePoint will be located near the intersection of Steele Creek Road and Westinghouse Boulevard. Foundry closed on four parcels totaling 25 acres from two different sellers, which will allow SteelePoint to offer access from both Steele Creek and Ed Brown roads. Both properties will intersect with Westinghouse Boulevard, the most developed industrial corridor in the submarket. The development will simultaneously deliver a 250,000-square-foot and 117,000-square-foot building, with a 200-foot, shared truck court. Preliminary plans include a tilt-wall construction, 30-foot height and ESFR sprinkler systems with flexible specifications accommodating single or multi-tenant users.<\/p>\n<p>&#8220;Our local team was instrumental in assembling one of the best remaining undeveloped industrial tracts in the market\u2014the site has an &#8216;infill&#8217; feel given the location, access and dense surrounding development,\u201d said Bill Simerville, managing director &amp; principal at Foundry Commercial, in prepared remarks.<\/p>\n<p>Foundry Commercial&#8217;s presence in the Charlotte market has grown steadily since the company entered the region in 2011. Currently, the firm estimates its combined Charlotte and Raleigh offices lease roughly 30 percent of the third-party institutional market.<\/p>\n<p><em>Image via Google Earth<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Laura Calugar Charlotte, N.C.\u2014A partnership between real estate investment firms Foundry Commercial and Thackeray Partners recently announced the development of a 367,000-square-foot project in Charlotte&#8217;s Southwest submarket. The project will consist of two Class A warehouses, to be known as SteelePoint. The new industrial park will capitalize on dynamic market fundamentals, including single-digit vacancy,&hellip;<\/p>\n","protected":false},"author":238,"featured_media":1004162631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21782,21748,21783,21742,32781],"tags":[32961],"class_list":["post-1004162709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-development","category-industrial","category-investment","category-latest","category-southeast","tag-foundry-commercial"],"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>JV to Deliver 367 KSF Industrial Park in Charlotte - 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\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV to Deliver 367 KSF Industrial Park in Charlotte\" \/>\n<meta property=\"og:description\" content=\"By Laura Calugar Charlotte, N.C.\u2014A partnership between real estate investment firms Foundry Commercial and Thackeray Partners recently announced the development of a 367,000-square-foot project in Charlotte&#8217;s Southwest submarket. The project will consist of two Class A warehouses, to be known as SteelePoint. The new industrial park will capitalize on dynamic market fundamentals, including single-digit vacancy,&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/\" \/>\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=\"2016-12-28T19:11:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T21:35:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1654\" \/>\n\t<meta property=\"og:image:height\" content=\"858\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\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\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/\",\"name\":\"JV to Deliver 367 KSF Industrial Park in Charlotte - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg\",\"datePublished\":\"2016-12-28T19:11:14+00:00\",\"dateModified\":\"2022-12-05T21:35:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Capture22.jpg\",\"width\":1654,\"height\":858,\"caption\":\"The future location of SteelePoint, Charlotte, N.C.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-deliver-367ksf-industrial-park-in-charlotte\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JV to Deliver 367 KSF Industrial Park in Charlotte\"}]},{\"@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\/2f8b737fce677cc406c08a2c29c1ff38\",\"name\":\"Laura Valean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"caption\":\"Laura Valean\"},\"description\":\"Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. 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