News Carolina Tradeport’s latest transactions take INDUS Realty Trust’s Charlotte Portfolio to 100% occupancy

May 13, 2021
Carolina Tradeport's latest transactions take INDUS Realty Trust's Charlotte Portfolio to 100% occupancy

Trinity Partners is pleased to announce recent transactions at Carolina Tradeport industrial park in Concord, North Carolina.

Trinity Partners’ William Maxwell and Terry Brennan represented ownership, INDUS Realty Trust, Inc. Trinity Partners also manages the park, which is home to other tenants including Brooks Equipment, Elite Logistics, Geodis, and Superfici America.

“We’re proud to have brought INDUS’ Charlotte portfolio to 100% leased with these recent transactions. We’ve worked together over several years, and our efforts to uncover and assemble undeveloped land sites has helped INDUS establish a healthy industrial portfolio in the market. We’re excited to have such well respected companies choose Carolina Tradeport and look forward to their tenancy,” noted Maxwell.

INDUS acquired Carolina Tradeport in two transactions, the first in 2017 with the purchase of a recently completed 277,000 square foot industrial building located at 215 International Drive, in Concord. In 2018, INDUS completed a second acquisition comprised of 22 acres of land located across the street. INDUS immediately commenced development of two additional industrial buildings (160 and 180 International Drive) totaling 283,000 square feet that were both delivered in late 2019; bringing the Park’s total square footage to 560,000 SF.

“Trinity has been instrumental in our establishing and growing an industrial property footprint in the Charlotte market”, said Tim Lescalleet, Executive Vice President of INDUS. “We are pleased by their efforts to successfully lease up our entire portfolio in this region.”

Separately, in 2019 Trinity sourced and represented INDUS in the two-parcel assemblage and purchase of 44 acres in North Charlotte, on Old Statesville Road. INDUS secured approvals for a 3-building, 521,000 square foot industrial park (Carolina Tradeport II) and subsequently represented them in securing a long term build-to-suit lease of the entire site with Amazon for a 141,000 square foot industrial “last mile” delivery facility.

“Our relationship with Trinity Partners exemplifies how we intend to partner with the brokerage community to grow our portfolio,” Lescalleet adds. “We look forward to working with Trinity Partners and others as we continue to seek acquisition and development opportunities in the area.”