MDH Completes 700K-SF Charlotte Industrial Center
MDH Completes 700K-SF Charlotte Industrial Center
MDH Partners recently wrapped up work on the Northcross Commerce Center Phase II in the Huntersville neighborhood of Charlotte. Phase II features two Class-A industrial facilities totaling approximately 254,000 square feet. MDH Partners secured $23.3 million in financing from TD Bank for the development of Northcross Commerce Center’s Phase II. The new development brings the center’s total footprint to nearly 700,000 square feet.
Brad Cherry, Matt Greer, and Natalie Ceva of JLL lease and market the facility on behalf of MDH Partners.
According to JLL, Charlotte’s speculative development deliveries have remained strong, with 6.3 million square feet of space completed in the first half of the year. Charlotte’s industrial market’s combination of stability, consistent growth and proximity to other prominent markets will continue to make it an appealing destination for both tenants and investors in the Southeast region.
In addition to Northcross Commerce Center, MDH Partners jointly owns Oakhurst Commons with Parkside Partners. The 131,000-square-foot, mixed-use development is located in Charlotte’s Oakhurst neighborhood.
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MDH Partners recently wrapped up work on the Northcross Commerce Center Phase II in the Huntersville neighborhood of Charlotte. Phase II features two Class-A industrial facilities totaling approximately 254,000 square feet. MDH Partners secured $23.3 million in financing from TD Bank for the development of Northcross Commerce Center’s Phase II. The new development brings the center’s …
The post MDH Completes 700K-SF Charlotte Industrial Center appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
MDH Partners recently wrapped up work on the Northcross Commerce Center Phase II in the Huntersville neighborhood of Charlotte. Phase II features two Class-A industrial facilities totaling approximately 254,000 square feet. MDH Partners secured $23.3 million in financing from TD Bank for the development of Northcross Commerce Center’s Phase II. The new development brings the center’s …
The post MDH Completes 700K-SF Charlotte Industrial Center appeared first on Connect CRE.
Atlanta-Area Retail Center Flips to Greenberg Gibbons
Atlanta-Area Retail Center Flips to Greenberg Gibbons
Greenberg Gibbons paid $17.3 million for an 82,578 square foot shopping center in Tucker, just outside Atlanta. Northlake Square was the seller along with property management firm, Barnhart Commercial Management.
Constructed in 1988, Northlake Square is 98% occupied with a mix of national and local retailers and anchored by ALDI, Best Buy and Mellow Mushroom.
JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Jim Hamilton, Brad Buchanan and Andrew Kahn.
Tucker is an established Atlanta submarket that is experiencing tremendous growth and transformation. “The acquisition of Northlake Square demonstrates the market’s appetite for well-positioned, grocery-anchored retail centers within growing submarkets of major metros,” Hamilton commented. “The center’s strong tenant mix, led by ALDI and Best Buy, combined with its strategic location make it a valuable addition to any diversified portfolio.”
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Greenberg Gibbons paid $17.3 million for an 82,578 square foot shopping center in Tucker, just outside Atlanta. Northlake Square was the seller along with property management firm, Barnhart Commercial Management. Constructed in 1988, Northlake Square is 98% occupied with a mix of national and local retailers and anchored by ALDI, Best Buy and Mellow Mushroom. …
The post Atlanta-Area Retail Center Flips to Greenberg Gibbons appeared first on Connect CRE. Read MoreAtlanta Metro Commercial Real Estate News
Greenberg Gibbons paid $17.3 million for an 82,578 square foot shopping center in Tucker, just outside Atlanta. Northlake Square was the seller along with property management firm, Barnhart Commercial Management. Constructed in 1988, Northlake Square is 98% occupied with a mix of national and local retailers and anchored by ALDI, Best Buy and Mellow Mushroom. …
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Despite Emptying Storefronts, Retail Landlords Still Telling Ailing Tenants To ‘Pound Sand’
Despite Emptying Storefronts, Retail Landlords Still Telling Ailing Tenants To ‘Pound Sand’
For the first time in four years, retailers are emptying more storefronts than they are leasing in Metro Atlanta.
Landlords tallied 228K SF of negative net absorption in the third quarter throughout Metro Atlanta, according to a third-quarter retail report from Partners Real Estate.
For the first time in four years, retailers are emptying more storefronts than they are leasing in Metro Atlanta.
Landlords tallied 228K SF of negative net absorption in the third quarter throughout Metro Atlanta, according to a third-quarter retail… Read MoreBisnow News Feed
For the first time in four years, retailers are emptying more storefronts than they are leasing in Metro Atlanta.
Landlords tallied 228K SF of negative net absorption in the third quarter throughout Metro Atlanta, according to a third-quarter retail…
Rivian To Restart Stalled Georgia Plant After Landing $6.6B Department Of Energy Loan
Rivian To Restart Stalled Georgia Plant After Landing $6.6B Department Of Energy Loan
The massive Rivian electric vehicle plant about an hour east of Atlanta has been recharged in the final months of the Biden administration with a $6.6B loan from the Department of Energy.
The massive Rivian electric vehicle plant about an hour east of Atlanta has been recharged in the final months of the Biden administration with a $6.6B loan from the Department of Energy. Read MoreBisnow News Feed
The massive Rivian electric vehicle plant about an hour east of Atlanta has been recharged in the final months of the Biden administration with a $6.6B loan from the Department of Energy.
This Week’s Atlanta Deal Sheet: Monday Properties Buys First Atlanta Building
This Week’s Atlanta Deal Sheet: Monday Properties Buys First Atlanta Building
A D.C.-based property investor is making its multifamily debut in Metro Atlanta with a South Fulton apartment complex.
A D.C.-based property investor is making its multifamily debut in Metro Atlanta with a South Fulton apartment complex. Read MoreBisnow News Feed
A D.C.-based property investor is making its multifamily debut in Metro Atlanta with a South Fulton apartment complex.
‘Strap In’: Developers, Contractors Brace For Tariff, Deportation Impacts
‘Strap In’: Developers, Contractors Brace For Tariff, Deportation Impacts
All of the players involved in commercial development and construction are dusting off their 2018 playbooks to control costs as they face the prospect of higher tariffs on construction materials and promised mass deportations under a second Trump administration.
Both actions could have a dramatic impact on construction costs in the U.S., with labor harder to come by and materials prices rising as they did during President-elect Donald Trump’s first trade war with China, developers and contractors said at Bisnow’s Atlanta Construction and Development Summit on Tuesday.
“I think it’s going to suck for a second,” said Melissa Banko, the founder of interior design…
All of the players involved in commercial development and construction are dusting off their 2018 playbooks to control costs as they face the prospect of higher tariffs on construction materials and promised mass deportations under a second Trump administration.
Both… Read MoreBisnow News Feed
All of the players involved in commercial development and construction are dusting off their 2018 playbooks to control costs as they face the prospect of higher tariffs on construction materials and promised mass deportations under a second Trump administration.
Both…
Atlanta Law Firms Hit The Market With Vacancy At All-Time High
Atlanta Law Firms Hit The Market With Vacancy At All-Time High
Bradley Arant Boult Cummings began a search for a new Atlanta office with a record 50M SF of office space on the market.
For a law firm looking to make its debut in the metro area, the record levels of vacancies found it fielding pitches from landlords around the city offering to beat their competitors’ rents or trying to top how much they’ll cover on their interior construction.
“There were a lot of options at the time we were making a decision,” said the firm’s managing partner, Sidney Welch.
Bradley Arant Boult Cummings began a search for a new Atlanta office with a record 50M SF of office space on the market.
For a law firm looking to make its debut in the metro area, the record levels of vacancies found it fielding pitches from landlords… Read MoreBisnow News Feed
Bradley Arant Boult Cummings began a search for a new Atlanta office with a record 50M SF of office space on the market.
For a law firm looking to make its debut in the metro area, the record levels of vacancies found it fielding pitches from landlords…
Atlanta BeltLine Eyeing 1,100-Unit Housing Project On The Westside
Atlanta BeltLine Eyeing 1,100-Unit Housing Project On The Westside
The Atlanta BeltLine is envisioning a 32-acre residential development next to Mircosoft’s dormant Westside land holdings that would be chock full of affordable housing.
The Atlanta BeltLine is envisioning a 32-acre residential development next to Mircosoft’s dormant Westside land holdings that would be chock full of affordable housing. Read MoreBisnow News Feed
The Atlanta BeltLine is envisioning a 32-acre residential development next to Mircosoft’s dormant Westside land holdings that would be chock full of affordable housing.
DC Blox Continues Expansion With 3 Southern Data Centers
DC Blox Continues Expansion With 3 Southern Data Centers
Data center provider DC Blox is developing a trio of new data centers across the South, expanding its pipeline even as the firm backs out of a previously announced project in Virginia.
Data center provider DC Blox is developing a trio of new data centers across the South, expanding its pipeline even as the firm backs out of a previously announced project in Virginia. Read MoreBisnow News Feed
Data center provider DC Blox is developing a trio of new data centers across the South, expanding its pipeline even as the firm backs out of a previously announced project in Virginia.
Jamestown Sells Upper Westside Adaptive Reuse Offices For $77M
Jamestown Sells Upper Westside Adaptive Reuse Offices For $77M
Jamestown transformed low-slung warehouses on Atlanta’s Upper Westside into trendy offices, and now its efforts have paid off handsomely.
Jamestown transformed low-slung warehouses on Atlanta’s Upper Westside into trendy offices, and now its efforts have paid off handsomely. Read MoreBisnow News Feed
Jamestown transformed low-slung warehouses on Atlanta’s Upper Westside into trendy offices, and now its efforts have paid off handsomely.