News Adler Kawa Real Estate Advisors (AKREA) Signs New Tenant at Shopton Ridge Business Park

Feb 29, 2016
Adler Kawa Real Estate Advisors (AKREA) Signs New Tenant at Shopton Ridge Business Park

As exclusive leasing agent for AKREA, Trinity Partners’ Bill Wood has leased +6,444 SF at southwest Charlotte’s Shopton Ridge Business Park.

Windy City Wire Cable and Technology Products (“Windy City”) has leased +6,444 SF in Building 18-A at 3845 Shopton Road. Headquartered in Bolingbrook, Illinois, Windy City now has 15 locations throughout the US and is an industry leader in the manufacture and distribution of innovative low-voltage wiring products, including SmartWire cables. Windy City occupied its new facility at Shopton Ridge in early February, and was represented by Kevin Mackey of TIG Real Estate Services (Dallas, TX) and Mark Bolding of Stream Realty (Charlotte).

AKREA owns four buildings in the Shopton Ridge Business Park, totaling +422,400 SF. AKREA has three remaining vacancies available for immediate occupancy ranging in size from 12,800 square feet to 22,400 square feet.

Shopton Ridge Business Park is located in the heart of Charlotte’s popular southwest industrial submarket with easy access from I-485, I-85, and I-77, and adjacent to the airport and intermodal yard.

“Windy City was attracted to Shopton’s location; in the immediate vicinity of the Charlotte airport and I-485,” said Wood. “The building offered Windy City new shell-condition space and the unique opportunity to customize their office layout while benefiting from brand-new HVAC equipment, new restroom fixtures, and new, energy-efficient lighting in both the office and warehouse areas.”

Shopton Ridge’s parking proved to be a major benefit for Windy City, according to Wood. “The four-building portfolio provides substantial surface parking with deep, four-row parking lots at the front of each building, and no other single-story office/warehouse building can offer that.”

AKREA acquired the four buildings in Shopton Ridge Business Park in April 2015. AKREA currently owns approximately 1,000,000 square feet of light industrial and office space in Charlotte. In addition to Shopton Ridge, AKREA owns South Point Business Park, a portfolio of three light industrial buildings in the southwest submarket, Carmel Executive Park, an office park south of Charlotte and two office buildings (Live Oak and Water Oak) in Southwest Charlotte’s Oak Hill Business Park.

About AKREA

Adler Kawa Real Estate Advisors (AKREA) is a vertically-integrated real estate investment firm based in Miami, FL. AKREA is an entrepreneurial company that pursues a niche strategy of acquiring multi-tenant industrial and office properties in markets of high demographic growth. The Company is highly focused on a specific market sector, enabling it to generate favorable risk adjusted returns. AKREA creates value in its portfolio through a strong focus on operations and tenant appreciation. Today, Adler Kawa manages a significant portfolio of investments in 10 major markets in the United States.