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Atlanta & Southeast  + Southeast  + Industrial  |  November 1, 2020
David Cohen
By: David Cohen

Lightstone Secures $26M Acquisition Loan for Charlotte Industrial Property

New York City-based privately held real estate company Lightstone has secured a $26 million acquisition loan for Lightstone Logistics Center, a newly constructed, 400,000-square-foot multi-tenant industrial warehouse and distribution facility in Charlotte’s airport industrial submarket.

Completed in October of 2020, the facility features 70 dock doors, wide column spacing, 36-foot clear heights, 319 parking spaces and 72 trailer stalls. Power Distributors, a nationwide distribution firm, pre-leased half of the space. The property is situated on 35 acres at 7800 Tuskaseegee Rd.

Peter Rotchford, John Gavigan, Alex Staikos and Ryan Lieberman of JLL secured the financing on behalf of Lightstone through lender Benefit Street Partners Realty Trust.

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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