CHARLOTTE, NC-Liberty Property Trust just took some major strides in its business plan execution with two big deals in the Charlotte market. The company snapped up Crosspoint Center for $60.75 million and wrapped up an agreement to develop an $8 million LEED certified distribution center.

Liberty purchased the seven-building, 1.08-million-square-foot Crosspoint Center from Boston-based TA Associates for $60.75 million. The company is soon breaking ground on a built-to-suit for American Tire Distributors at 4047 Perimeter West Dr.

“Several years ago Liberty made a deliberate strategic move to beef up the quality of multi-tenant industrial buildings in the 85 Corridor between Greenville and Raleigh-Durham,” Massie Flippin, Liberty vice president and city manager in charge of the Carolinas region, tells GlobeSt.com. “These deals build on our strategy as we settle in Charlotte for the long haul.”