The 17-year-old, family-owned and operated plastics manufacturing company paid Lord Baltimore Properties, owner of South Point Business Park, $972,000 or $81,000 per acre ($1.86 per sf) for a 12-acre parcel.
The manufacturer plans to build a $5-million, 54,000-sf plant on the site that can handle an additional 170,000-sf expansion. The land is off Carowinds Boulevard near Interstate 77.
The company had considered several sites in South Carolina but after weighing South Carolina incentives against lower property taxes in North Carolina, the firm decided to remain in Charlotte.
David and Helen-Marie Berthold, the firm's founders, say they prefer not to worry about the mountains of paperwork South Carolina requires to obtain incentive money.John Barker Realty Inc. handled the land sale negotiations for Ehren-Haus. Colliers Pinkard represented Lord Baltimore.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
