Rock Hill Commerce Center. Image courtesy of JLL
Strategic Capital Partners has sold Rock Hill Commerce Center Phase I in metropolitan Charlotte, N.C., with the assistance of JLL. A MetLife Investment Management client acquired the two fully leased assets totaling 792,081 square feet.
The 294,092-square-foot Building A and the 497,989-square-foot Building B are part of a two-phase development taking shape on 80 acres in Rock Hill, S.C. Once complete, Rock Hill Commerce Center will feature four facilities totaling 1,039,361 square feet.
The developer had secured some $60 million in financing for the project from The Sherbert Group in 2020. The development is a design/build of Development and Construction Insight LLC; ARCO Construction Co. Inc. serves as its general contractor.
Two industrial assets near Charlotte
Located at 2501 David Hutchison Road, Building A features rear-loading doors and a 32-foot clear height, according to CommercialEdge data. The building is fully leased to Power Technique North America LLC, a division of Atlas Copco AB.
Featuring 36-foot clear heights, Building B was constructed with a cross-dock configuration. The asset at 2601 David Hutchison Road is fully occupied by Logistics Plus.
Tenants of Rock Hill Commerce Center have easy access to the larger Southeast region through their proximity to Interstate 77. The Norfolk Southern CLT Intermodal Terminal and the Charlotte Douglas International Airport are less than 30 miles from the property.
JLL Capital Markets Senior Managing Directors Patrick Nally and Pete Pittroff, along with Director Dave Andrews and Associate Michael Scarnato, represented Strategic Capital Partners in the deal.
The post Strategic Capital Partners Sells 2 Fully Leased Industrial Assets appeared first on Commercial Property Executive.
Charlotte, Industrial, Investment, News, South, JLL, Metlife Investment Management, Strategic Capital, The Sherbert Group
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