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Atlanta & Southeast  + Southeast  + Industrial  |  November 6, 2020
Foreign investors into commercial real estate favored the Sunbelt over traditional coastal markets in 2021
David Cohen
By: David Cohen

Avison Young Arranges Sale of 56K-SF Industrial Property in Charlotte

Avison Young has arranged the sale of a 56,000-square-foot industrial property in Charlotte. The sales price was not disclosed.

Located at 1001 Pressley Road, the building was fully leased at the time of sale to CrossPoint Property Group-LoSo. The cross-dock building is situated on nearly nine acres and is zoned I2, which allows for outdoor storage and trailer parking. Properties with this zoning designation are in high demand in the Charlotte market as historically heavy industrial areas are transitioning to retail, residential and office, according to Avison Young.

Chris Loyd and Tom Tropeano of Avison Young represented the seller, the McClatchy Company, in the transaction. Henry Lobb and Chris Skibinski of Avison Young represented the undisclosed buyer in the sale.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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