Nov
19

REIT Buys Charlotte Industrial Properties

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Liberty Property Trust has acquired three industrial properties in Shopton Ridge totaling 375,918 square feet for $16 million.

The newly acquired buildings are located at 4835, 4925 and 5033 Sirona Drive in Charlotte, with immediate access to I-485, I-85 and I-77, and are located within two miles of Charlotte Douglas International Airport. The industrial assets have 30-foot ceilings and Interstate access. Combined, the buildings are approximately 88 percent leased.

Liberty’s 375,918 square foot acquisition includes:

  • 4835 Sirona Drive offering 127,759 square feet and is currently 78.1% leased. Tenants in the building include Sirona Dental and Nippon Express USA.
  • 4925 Sirona Drive offering 128,159 square feet and is currently 100% leased. Tenants include Houston Wire & Cable and DHL Global.
  • 5033 Sirona Drive offering 120,000 square feet and is currently 86.8% leased. Tenants include Cort Furniture, TricorBraun and AMT DataSouth.
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