{"id":1004748737,"date":"2025-02-27T01:02:07","date_gmt":"2025-02-27T09:02:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004748737"},"modified":"2025-02-27T07:21:36","modified_gmt":"2025-02-27T15:21:36","slug":"sl-industrial-partners-makes-30m-north-carolina-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sl-industrial-partners-makes-30m-north-carolina-buy\/","title":{"rendered":"SL Industrial Partners Makes $30M North Carolina Buy"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/3618-McConnell-Rd-2-e1740581110893.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"2655\" height=\"1993\" data-attachment-id=\"1004748738\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sl-industrial-partners-makes-30m-north-carolina-buy\/3618-mcconnell-rd-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/3618-McConnell-Rd-2-e1740581110893.jpg\" data-orig-size=\"2655,1993\" 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;0&quot;}\" data-image-title=\"3618 McConnell Rd 2\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Exterior shot of an industrial building at 3618 McConnell Road in Greensboro, N.C. Image courtesy of SL Industrial Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/3618-McConnell-Rd-2-e1740581110893.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/3618-McConnell-Rd-2-e1740581110893.jpg\" alt=\"Exterior shot of an industrial building at 3618 McConnell Road in Greensboro, N.C.\" class=\"wp-image-1004748738\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">The industrial building at 3618 McConnell Road includes 36-foot clear heights. <em>Image courtesy of SL Industrial Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>SL Industrial Partners, a member of The Silverman Group, had purchased a 293,740-square-foot industrial asset in Greensboro, N.C. The property traded for $29.5 million from Tectonic, according to Guilford County public records.<\/p>\n\n\n\n<p>SL Industrial Partners now expanded its industrial portfolio in North Carolina to more than 6 million square feet. <\/p>\n\n\n\n<p>Cushman &amp; Wakefield negotiated on behalf of the seller and is the leasing agent in charge of the property.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-emerging-industrial-markets\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top 5 Emerging Industrial Markets in 2024<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Developed by Tectonic with $16.5 million in construction funds from United Bank, the asset came online in 2023, CommercialEdge shows. The property is at 3618 McConnell Road and provides easy access to interstates 40, 85 and 840. Piedmont Triad International Airport is 21 miles away, while Winston-Salem, N.C., is within 34 miles of the property.<\/p>\n\n\n\n<p>Sitting on a nearly 23-acre lot, the single-story distribution facility features 36-foot clear heights, ample column spacing, 60-foot speed bays, 30 dock doors, ESFR sprinkler systems and 30 knockouts. Additional features include trailer parking and 202 vehicle parking spots. <\/p>\n\n\n\n<p>Cushman &amp; Wakefield\u2019s Tom Townes and Ryan Conboy worked on behalf of the seller. The property is available for lease, with the same team retained by SL Industrial Partners in charge of leasing efforts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-big-purchases-in-the-area\">Big purchases in the area<\/h2>\n\n\n\n<p>The news comes after SL Industrial Partners recently sold an industrial property in the state, within the Charlotte market. In late November, the company<a href=\"https:\/\/www.commercialsearch.com\/news\/stonelake-capital-enters-charlotte-with-51m-buy\/\" target=\"_blank\" rel=\"noreferrer noopener\"> sold a 402,390-square-foot building<\/a> in Concord, N.C., to Stonelake Capital Partners, in a $51 million deal.<\/p>\n\n\n\n<p>One of last year&#8217;s significant industrial deals closed near Charlotte and Greensboro. Equus Capital <a href=\"https:\/\/www.commercialsearch.com\/news\/equus-grows-north-carolina-footprint-with-124m-buy\/\" target=\"_blank\" rel=\"noreferrer noopener\">purchased a nine-building industrial portfolio <\/a>for $124 million from Investcorp. Totaling 1.4 million square feet, this portfolio includes single-tenant distribution properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Completed in 2023, the facility expands the company\u2019s portfolio in the state to more than 6 million square feet.<\/p>\n","protected":false},"author":2991,"featured_media":1004748738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,32781],"tags":[34908,52557,40338],"class_list":["post-1004748737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southeast","tag-cushman-wakefeld","tag-sl-industrial-partners","tag-the-silverman-group"],"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>SL Industrial Partners Makes $30M North Carolina Buy - 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