{"id":1004165941,"date":"2017-02-08T02:55:47","date_gmt":"2017-02-08T10:55:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004165941"},"modified":"2020-05-12T03:28:44","modified_gmt":"2020-05-12T11:28:44","slug":"hff-closes-sale-of-1-msf-nc-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-1-msf-nc-facility\/","title":{"rendered":"HFF Closes Sale of 1 MSF NC Facility"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004165946\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/LstLgPhoto.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004165946\" data-attachment-id=\"1004165946\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-1-msf-nc-facility\/lstlgphoto-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/LstLgPhoto.jpg\" data-orig-size=\"583,424\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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;1&quot;}\" data-image-title=\"LstLgPhoto\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/LstLgPhoto.jpg?w=583\" class=\"wp-image-1004165946 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/LstLgPhoto.jpg\" alt=\"Aerial view of the RSI Distribution Center in Charlotte, N.C. \" width=\"300\" height=\"218\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/LstLgPhoto.jpg 583w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/LstLgPhoto.jpg?resize=300,218 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004165946\" class=\"wp-caption-text\">Aerial view of the RSI Distribution Center in Charlotte, N.C.<\/p><\/div>\n<p><strong>Charlotte, N.C.<\/strong>\u2014HFF recently announced the sale of the RSI Distribution Center, a 1 million-square-foot Class A facility in the community of Lincolnton, N.C. According to the <em><a href=\"https:\/\/www.bizjournals.com\/charlotte\/news\/2017\/02\/02\/rsi-building-in-lincoln-county-sells.html\" rel=\"nofollow\" target=\"_blank\">Charlotte Business Journal<\/a><\/em>, the property was sold by 838 Lincoln County Parkway LLC for $56 million to a private investor. The HFF investment sales team was led by senior managing director Chris Norvell and associate director Patrick Nally.<\/p>\n<p>Situated on 82 acres at 838 Lincoln County Parkway, the RSI Distribution Center is part of the 680-acre, 4.4-million-square-foot Lincoln County Industrial Park. The park is near the junction between Interstates 85 and 40, on the U.S. Highway 321 Inter-Connector. Located in the northern part of the Charlotte MSA, the property offers direct access to the Southeast and Mid-Atlantic main population centers and primary distribution channels.<\/p>\n<p>Completed in 2004, the facility has been expanded three times since 2005, including a 225,000-square-foot addition in 2014. The building features tilt-up concrete exterior panels, 30-foot clear height, 130-foot truck courts in the front, 180-foot truck courts in the rear, 88 dock doors, four overhead drive-in doors, 7,500 square feet of office space and 155 dedicated trailer storage positions on site. RSI Distribution Center includes the possibility of an additional 141,000 square feet.<\/p>\n<p>The industrial facility is fully leased on a triple net basis through August 2029 to RSI Home Products Inc., a manufacturer of kitchen, bath and home storage cabinets. In 2015, the industrial facility sold for roughly the same amount to New Jersey-based <a href=\"https:\/\/www.commercialsearch.com\/news\/hartz-mountain-drops-55m-on-charlotte-industrial-asset-3\/\" target=\"_blank\">Hartz Mountain Industries Inc.<\/a><\/p>\n<p><em>Image courtesy of HFF <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The RSI Distribution Center in Lincoln County recently traded for $56 million. <\/p>\n","protected":false},"author":238,"featured_media":1004165946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21748,21783,21742,32781],"tags":[33832,32792,33833],"class_list":["post-1004165941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-industrial","category-investment","category-latest","category-southeast","tag-838-lincoln-county-parkway","tag-hff","tag-rsi-distribution-center"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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