Construction on a 65,000-sf flex building is expected to get started in the first quarter. No date has been scheduled for breaking ground on a 120,000-sf warehouse structure. The estimated hard construction cost of both projects is $1 million.
Trammell Crow started Northpark 10 years ago on Sunset Road at Interstate 77. About 500,000 sf in the park is owner occupied. According to Karnes Research Co., the north submarket has been a fairly strong performer even though the Charlotte industrial markets in general are experiencing a slowdown. About 190,000 sf of multi-tenant industrial was absorbed in the north submarket by the end of third quarter 2000, ranking it third among the six markets tracked by Karnes.
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.
