Regional Property Development Corp. Sells Four Fully Leased Industrial Facilities in Charlotte
By Doretha Canion I CoStar News I July 9, 2015
Dalfen America Corp, (DAC), a Dallas-based private equity firm, purchased the Northfield lndustrial Portfolio in Charlotte, NC from Regional Property Development Corp. for $8.3 million, or about $68 per square foot.
The deal includes three light industrial facilities located across from the FedEx Ship Center on Eagleton Downs Dr. in Pineville, and a warehouse at 10401 John Price Rd. in Charlotte. Constructed from 1997 to 2002, the portfolio measures 122,283 square feet and is fully leased.
Northfield Industrial Portfolio is located in the Southwest Charlotte Industrial submarket, less than two miles from 1-77 and 1-485 with close proximity to Norfolk Southern lntermodal facility and Charlotte Douglas International Airport.
DAC intends to invest heavily in Charlotte as well as other key Carolina markets over the next two years, noted Sean Dalfen, president and CIO of DAC.
Lawrence Shaw and Adam Russ of Colliers International negotiated the sale on behalf of Regional Property Development Corp.