Jones Lang LaSalle Inc.

05/24/2023 | Press release | Distributed by Public on 05/25/2023 07:41

Industrial warehouse with outdoor storage component trades in Charlotte

CHARLOTTE, May 24, 2023 - JLL Capital Markets announced today that it has arranged the sale of 1701 Westinghouse Blvd., a 97,100-square-foot industrial facility featuring an outdoor storage component in Charlotte, North Carolina.

JLL represented the seller, Selwyn Property Group, and procured the buyer, Granite Canyon Partners.

The property sits on a 15.37-acre parcel along Westinghouse Blvd. and contains over three acres of leasable, outdoor storage in addition to the existing building footprint.

1701 Westinghouse Blvd. is situated in the heart of Charlotte's Southwest submarket. It is positioned near the I-485 and I-77 interchange, providing connectivity throughout the entire MSA. It is also conveniently located 10 miles from the Charlotte Douglas International Airport, one of the country's busiest airports.

The Charlotte industrial market is one of the premier industrial markets in the Southeast, offering excellent regional accessibility, a skilled workforce and a low cost of operation. Charlotte's inventory is comprised of over 260.4 million square feet of warehouse space.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Pete Pittroff, Directors Dave Andrews and Josh McArdle and Associate Michael Scarnato.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom.