Exeter Claims Charlotte Industrial Park for $49M

Conshohocken, PA-based Exeter Property Group acquired RiverOaks Corporate Center, a two-building, Class A industrial park totaling 453,206 square feet in Concord, NC from Beacon Partners for $49.2 million. The deal also includes three land sites for future development at the 119-acre site in the north Charlotte suburb.

The asset currently includes a 309,536-square-foot facility at 8475 Automation Dr. and a 143,670-square-foot building at 800 Derita Rd. The pre-graded development sites are at 700 Derita, 8400 and 8500 Automation, which could accommodate another 892,997 square feet.

Completed in 2016, the existing Class A buildings feature best-in-class construction with 24-to 32-foot clear heights. The center in Charlotte’s Cabarrus County submarket is adjacent to Concord Regional Airport and is located along Interstate 85, the Southeast’s industrial backbone.

HFF’s Chris Norvell and Patrick Nally worked in conjunction with JLL’s Pete Pittroff to represent the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Exeter Claims Charlotte Industrial Park for $49M

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Exeter Claims Charlotte Industrial Park for $49M

Inside The Story

About Dennis Kaiser