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Precision Framing Signs Industrial Lease

CHARLOTTE, NC-The truss maker takes 226,642 square feet at a former grocery warehouse.

By Carl Cronan | Updated on November 18, 2008

CHARLOTTE, NC-Precision Framing Systems has signed a lease for 226,642 square feet of industrial space at Logistics Pointe Distribution Center. The deal provides a significant boost to backfilling the former regional supermarket distribution and warehouse center, which totals 1.1 million square feet and is now more than 75% leased.

The lease signed by the subsidiary of Taylor, MI-based Masco Corp. is the largest of its kind in the Charlotte metropolitan area this year, according to Steve Kanoff, executive vice president and partner of Dallas-based Westmount Realty Capital LLC, which owns Logistics Pointe in cooperation with Yucaipa Cos. of California. The owners rebranded the 66-acre complex at 2401 Nevada Blvd., which was previously occupied by Jacksonville-based Winn-Dixie Stores Inc.

“The Logistics Pointe name has taken hold in the market,” Kanoff tells GlobeSt.com, adding that several other firms have moved into the facility since it was turned into a multi-tenant site in mid-2006. Remaining space includes 113,461 square feet of “dry” warehouse space and 191,239 square feet of freezer/cooler space, he says.

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