Equus Capital paid $102 million for a 648,000 square foot industrial portfolio in Charlotte. The Greylyn Business Park, at 9535 Monroe Road comprised 19 buildings across four parcels totaling nearly 57 acres. the portfolio is 92.8% occupied.
CBRE’s Robert Hardaway, Patrick Gildea and Matt Smith represented the seller, Weston, in the transaction, along with CBRE leasing experts Alek Salfia, Anne Johnson and Bryan Crutcher. Debt and structured finance services were provided by CBRE’s J.P. Cordeiro, Mike Ryan, Taylor Mathis and Will Chapman.Â
Positioned within Charlotte’s central industrial corridor, the property benefits from immediate access to U.S. Route 74 (Independence Boulevard) and proximity to Uptown Charlotte, SouthPark and surrounding residential neighborhoods. Â
According to CBRE Research, availability for shallow-bay industrial properties continues to tighten nationally as demand from smaller occupiers outpaces limited new supply.
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