{"id":1004672358,"date":"2023-07-18T06:09:57","date_gmt":"2023-07-18T14:09:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004672358"},"modified":"2023-07-18T06:09:59","modified_gmt":"2023-07-18T14:09:59","slug":"equus-capital-gets-33m-for-charlotte-area-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/equus-capital-gets-33m-for-charlotte-area-asset\/","title":{"rendered":"Equus Capital Gets $33M for Charlotte-Area Asset"},"content":{"rendered":"
\"Carolina<\/a>

Carolina 85 Logistics Center. Image courtesy of Equus Capital Partners Ltd.<\/em><\/p><\/div>\n

Stoltz Real Estate Partners<\/strong> has acquired Carolina 85 Logistics Center, a fully leased 300,468-square-foot distribution center in Kings Mountain, N.C. Equus Capital Partners Ltd.<\/strong> sold the property for $32.9 million. CBRE<\/strong> represented Equus in the building\u2019s sale, while Cushman & Wakefield<\/strong> worked on securing tenants.<\/p>\n

Located at 330 Woodlake Parkway, near the intersection of Woodlake Parkway and Canterbury Road, the property is close to Interstate 85. Charlotte Douglas International Airport and the Norfolk Southern Intermodal hub area are also nearby.<\/p>\n

Completed in 2022, Carolina 85 Logistics Center is 100 percent leased to Ferguson Plumbing and Utz Quality Foods. The building features 32-foot clear heights, is located on 23.7 acres and includes 40 dock doors and 55 trailer parking spaces. Additionally, the building includes energy-efficient features such as a heat load reducing TPO white membrane roof and LED high-bay lighting.<\/p>\n

Carolina 85 Logistics Center is another example of Charlotte’s trend toward larger industrial buildings in a fast-growing market. According to a recent CommercialEdge report<\/a>, the metro had more than 16 million square feet of industrial stock under construction as of May, which represented a sizeable 5.4 percent of its current stock. CCC 85, a 290-acre commercial warehouse park with five buildings planned, is another mid- to bulk-size industrial space<\/a> currently underway along the Interstate 85 corridor.<\/p>\n

CBRE Vice Chairmen Frank Fallon, Jose Lobon, Trey Barry and Mike Hines handled the transaction for the seller.<\/p>\n","protected":false},"excerpt":{"rendered":"

The industrial building came online in 2022 and is fully leased. <\/p>\n","protected":false},"author":436,"featured_media":1004672361,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21748,21783,21742,32781],"tags":[32789,32799,33346,37838],"class_list":["post-1004672358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-industrial","category-investment","category-latest","category-southeast","tag-cbre","tag-cushman-wakefield","tag-equus-capital-partners","tag-stoltz-real-estate-partners"],"acf":[],"yoast_head":"\nEquus Capital Gets $33M for Charlotte-Area Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"CBRE worked on behalf of Equus Capital in the transaction sale, while Cushman & Wakefield handled the leasing part.\" \/>\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\/equus-capital-gets-33m-for-charlotte-area-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equus Capital Gets $33M for Charlotte-Area Asset\" \/>\n<meta property=\"og:description\" content=\"CBRE worked on behalf of Equus Capital in the transaction sale, while Cushman & Wakefield handled the leasing part.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/equus-capital-gets-33m-for-charlotte-area-asset\/\" \/>\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=\"2023-07-18T14:09:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-18T14:09:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Carolina-85-Logistics-Center-.-Image-courtesy-of-Equus-Capital-Partners-Ltd.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\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\/equus-capital-gets-33m-for-charlotte-area-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-gets-33m-for-charlotte-area-asset\/\",\"name\":\"Equus Capital Gets $33M for Charlotte-Area Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-gets-33m-for-charlotte-area-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-gets-33m-for-charlotte-area-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Carolina-85-Logistics-Center-.-Image-courtesy-of-Equus-Capital-Partners-Ltd.png\",\"datePublished\":\"2023-07-18T14:09:57+00:00\",\"dateModified\":\"2023-07-18T14:09:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8\"},\"description\":\"CBRE worked on behalf of Equus Capital in the transaction sale, while Cushman & Wakefield handled the leasing part.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-gets-33m-for-charlotte-area-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/equus-capital-gets-33m-for-charlotte-area-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-gets-33m-for-charlotte-area-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Carolina-85-Logistics-Center-.-Image-courtesy-of-Equus-Capital-Partners-Ltd.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Carolina-85-Logistics-Center-.-Image-courtesy-of-Equus-Capital-Partners-Ltd.png\",\"width\":800,\"height\":620,\"caption\":\"Carolina 85 Logistics Center . 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