Search
 

AAC Plans $120-Mil, Two Mil-SF Warehouse/Distribution Park

CHARLOTTE-Locally based AAC Real Estate Services Inc. will develop the 170-acre, spec venture over a seven-year to 10-year period in southwest Mecklenburg County. A ground-breaking date hasn't been set.

By Robert Anthony | Updated on January 31, 2001

CHARLOTTE-AAC Real services Inc. plans to invest $120 million in developing Shopton Ridge, a two million-sf, 170-acre warehouse/distribution park a mile from the new Interstate 485 interchange and the airport. A ground-breaking date hasn’t been set.

AAC plans to develop the first two buildings on spec. The initial buildings will total 100,000 sf and 120,000 sf, respectively. The company has purchased about half the land and expects to close on the other half during the first quarter, according to a published report. AAC has not disclosed the purchase price of the 170 acres.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.