Feb
02

HFF Closes Sale of 1 Million SF Industrial Facility Near Charlotte

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RSI smallHolliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of RSI Distribution Center, a one million-square-foot, Class A, state-of-the-art bulk distribution facility in the Charlotte-area community of Lincolnton, North Carolina. HFF marketed the property on behalf of the seller, 838 Lincoln County Parkway LLC. A private investor purchased the asset.

RSI Distribution Center is fully leased on a triple net basis through August 2029 to RSI Home Products, Inc., North America’s leading manufacturer of kitchen, bath and home storage cabinets. Completed in 2004 for RSI, the facility has been expanded three times since 2005, including a 225,000-square-foot addition delivered in 2014. The building features tilt-up concrete exterior panels, 30’ minimum clear height, 130’ truck courts in the front, 180’ truck courts in the rear, 88 dock doors, four overhead drive-in doors, 7,500 square feet of office space and 155 dedicated trailer storage positions on site. The site has an additional 141,000 square feet for a future expansion. Situated on 82 acres at 838 Lincoln County Parkway, RSI Distribution Center is within the 680-acre, master-planned Lincoln County Industrial Park. The park is on the U.S. Highway 321 Inter-Connector, a four-lane thoroughfare that connects Interstate 85 with Interstate 40, in the northern part of the Charlotte MSA. This offers the property direct access to the Southeast and Mid-Atlantic main population centers and primary distribution channels.

The HFF investment sales team representing the seller was led by senior managing director Chris Norvell and associate director Patrick Nally.

Categories : Charlotte

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