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Capital Markets Group Completes Sale of South Point Business Center

CHARLOTTE, NORTH CAROLINA:  Cushman & Wakefield | Thalhimer’s Capital Markets Group represented Dalfen America Corp. in the sale of South Point Business Center, a 123,200 square foot industrial headquarters facility located at 13501 South Ridge Drive in Charlotte, North Carolina. The single-tenant, 100% leased, industrial property is located in the 96% occupied Southwest submarket, the largest industrial submarket in the Carolinas. This state-of-the-art facility serves as a mission critical headquarters and manufacturing location for Specialty Manufacturing, Inc. (SMI), a leading manufacturer of safety equipment and related products to the transportation industry.
   Founders Properties purchased the property for $9,250,000. The sale was completed by Chris Norvell, SIOR and Bill Simerville of Cushman & Wakefield | Thalhimer’s Capital Markets Group, with assistance from Eric Ridlehoover, Lane Holbert, CCIM, SIOR and Fermin DeOca of Cushman & Wakefield | Thalhimer’s Charlotte Office. “We continue to see extremely strong demand for well-positioned industrial assets throughout the Carolinas.” said Chris Norvell, SIOR of Thalhimer’s Capital Markets Group.

Written on March 25, 2015