Trinity Partners Announces Sale of 11327 Allen Station Drive

Trinity Partners Announces the Sale of 11327 Allen Station Drive

A multi-tenant office/warehouse building in the Clear Creek Business Park in Charlotte (Mint Hill), North Carolina

Charlotte, North Carolina - February 27, 2024 – 11327 Allen Station Drive, a 23,990 square foot industrial building located in the Clear Creek Business Park in Charlotte/Mint Hill, has officially sold to an entity affiliated with Miller Development. David Morris, Dunn Mileham, and Eric Jennings of Trinity Partners handled the transaction on behalf of the seller.

At the time of the sale, the building was 100% occupied by DesignBuild Mechanical, Ace Industries, and CRS Building Automation Systems. The selling party, Berkshire Partners #17, LLC, along with development and leasing partner MPV Properties, originally developed the property as a part of a master-planned industrial park within the Clear Creek Business Park. The property was completed in late 2019 and was fully leased by MPV Properties in the fall of 2020.

“Office/warehouse demand in the Charlotte MSA continues to outperform nearly every other asset class as lack of new deliveries, a booming local economy, and population growth all serve to push occupancy and rental rates to all-time highs,” said David Morris, Director, Investment Sales at Trinity Partners. “Investor interest in this high-quality, well-located office/warehouse asset was incredibly strong, tempered only slightly by the difficult lending environment.”

Located just two miles east of I-485 near the intersection of Highway 51 and Highway 24/27, the Clear Creek Business Park serves businesses in the East Charlotte region, including the towns of Mint Hill and Matthews. The campus features easy access to dense area amenities, including restaurants, grocery and home improvement retailers, and neighborhood services that support the tenants located in the park.

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ABOUT TRINITY PARTNERS

Trinity Partners is a full-service commercial real estate firm serving corporate users and institutional owners throughout the United States, with ten service lines ranging from landlord and tenant representation to property management and investment sales. They are known for their entrepreneurial spirit, best-in-class performance, and respected team of commercial real estate professionals, who are directly responsible for the company’s success and collaborative culture. The firm currently leases and/or manages over 22 million square feet of office, industrial, mixed-use, and retail space across the region through their four offices in Charlotte and Raleigh, North Carolina, and Columbia and Greenville, South Carolina.

ABOUT MPV PROPERTIES

MPV Properties is one of the Charlotte area’s leading commercial real estate firms specializing in development, brokerage, and property management services. MPV represents individual landowners and landlords, corporations, and institutions. The firm specializes in a wide array of
services including land, retail, commercial, office/medical, mixed-use, and multi-family transactions. For more information, visit mpvre.com.