Mar
12

Four Building Charlotte Business Park Sold

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Four flex buildings totaling approximately 200,000 SF recently sold for $11.1 million to Virginia-based Medalist Properties. Trinity Partners’ Dunn Mileham represented the buildings’ owners, a Florida-based investor group.

Trinity Partners leased and managed the portfolio for the past eight years, and Medalist Properties has retained Trinity to continue leasing the buildings. Medalist has in-house property management services.

The buildings, 8107, 8227, 8301, and 8041 Arrowridge Boulevard, benefit from a strong tenancy, including Hobart Corporation, Bonsal American, Sears Home Improvement, CentiMark Corporation, and Miller Electric Company, and an ideal location at the intersection of I-77 and I-485. The portfolio is currently 83% occupied, outperforming the market’s 81% occupancy rate.

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