{"id":1004230102,"date":"2018-05-16T06:29:29","date_gmt":"2018-05-16T14:29:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004230102"},"modified":"2022-12-08T15:00:15","modified_gmt":"2022-12-08T23:00:15","slug":"meritex-grabs-charlotte-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/meritex-grabs-charlotte-industrial-asset\/","title":{"rendered":"Meritex Grabs Charlotte Industrial Asset"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004230104\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Airpark-West-V-in-Charlotte-N.C..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004230104\" data-attachment-id=\"1004230104\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/meritex-grabs-charlotte-industrial-asset\/airpark-west-v-in-charlotte-n-c\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Airpark-West-V-in-Charlotte-N.C..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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=\"Airpark West V in Charlotte, N.C.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Airpark West V in Charlotte, N.C.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Airpark-West-V-in-Charlotte-N.C..jpg?w=800\" class=\"wp-image-1004230104 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Airpark-West-V-in-Charlotte-N.C..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Airpark-West-V-in-Charlotte-N.C..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Airpark-West-V-in-Charlotte-N.C..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Airpark-West-V-in-Charlotte-N.C..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004230104\" class=\"wp-caption-text\">Airpark West V in Charlotte, N.C.<\/p><\/div>\n<p>The Meritex Co. has picked up Airpark West V, a 100,286-square-foot industrial asset in Charlotte, N.C. The seller, a private investor, traded the vacant building for $7.2 million, according to Mecklenburg County records. Colliers International represented the buyer in the transaction.<\/p>\n<p>Located at 8610 Airpark W. Drive, the structure is part of the larger Air Park West Industrial Park. The building sits within a mile of Interstate 85 and U.S. Highway 29, providing easy access to the nearby Charlotte Douglas International Airport and the wider region.<\/p>\n<h2>Planned repositioning<\/h2>\n<p>Built in 2004, the facility underwent an expansion in 2007 under previous ownership. The building features 24-foot clear heights, nine loading docks with levelers and seals, two drive-in doors and a 125-foot fenced truck court. Additionally, the property offers 18,433 square feet of office space. Meritex plans to begin major capital improvements on the asset\u00a0by adding extra loading doors, energy-efficient lighting and a new HVAC system as well as renovating the office space.<\/p>\n<p><em>\u201cRather than design to a specific need, we work to ensure all Meritex properties combine functionality with flexibility, designing spaces in such a way that we can anticipate and accommodate needs in a variety of ways\u2014and be ready to evolve even further forward,\u201d\u00a0<\/em>said Ray Kivett, chief investment officer of Meritex, in a prepared statement.<\/p>\n<p>The owner has selected Foundry Commercial to <a href=\"https:\/\/www.commercialsearch.com\/news\/meritex-expands-charlotte-industrial-presence\/\">oversee leasing and management<\/a> for the building.<\/p>\n<p><em>Image courtesy of The Meritex Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new owner plans to begin a capital improvement program to reposition the vacant building in the city\u2019s Airport\/West submarket.<\/p>\n","protected":false},"author":861,"featured_media":1004230104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21748,21783,21742],"tags":[36351,32763,32961,35670,40382],"class_list":["post-1004230102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-industrial","category-investment","category-latest","tag-capital-improvement","tag-colliers-international","tag-foundry-commercial","tag-meritex-enterprises","tag-ray-kivett"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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