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Westcore Pays $80.2M for Charlotte-Area Warehouse
Westcore acquired a 755,000-square-foot Kannapolis warehouse from Trammell Crow, the developer of the project. Westcore paid $80.2 million for the industrial building, which houses one tenant, Momentec, a sports apparel business.
Metro63 Logistics Center at 5700 Royce St. was delivered in late 2022.
The Charlotte Business Journal reports that the Metro63 acquisition is one of the largest industrial investment sales the region has seen this year.
It joins other notworthy deals including:
- Link Logistics purchasing a 876,587-square-foot building at 1500 Delta Drive in Gastonia for $81.7 million
- CBRE Investment Management acquiring the North Charlotte Commerce Center in Mooresville for $134.7 million
- BentallGreenOak buying an 851,500-square-foot building in Rock Hill at 2087 Williams Industrial Blvd. for $101.5 million
Westcore is a commercial real estate investment firm focused on industrial assets. It has completed $14 billion in transactions across 1,750 buildings and 150 million square feet since its inception in 2000, according to its website.
- ◦Sale/Acquisition
