Updated Oct 22, 2026
Michele Wheeler Of Jackson-Shaw Leases 276,000 Square Feet To Kuehne&Nagel In Landis NC
1400 Ridgeview Street
Building Size
276,000 SF
Asset Type
Industrial
Closing
Oct 21, 2026
About this deal
AI
The property asset involved in this transaction is a 276,000-square-foot industrial space located at 1400 Ridgeview Street in Landis, North Carolina. It is part of Jackson-Shaw’s Landis Ridge Business Park, which encompasses five buildings with a total of 1.3 million square feet of industrial space.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1400 Ridgeview Street
- Market: Landis, NC
- Landlord: Michele Wheeler - Jackson-Shaw
- Tenant: Stefan Paul - Kuehne+Nagel
Kuehne+Nagel has signed a lease for the space to serve as a contract logistics warehouse, which increases their operational footprint in the Charlotte area to a total of at least 750,000 square feet. They join another tenant, Xingyu Automotive Lighting Systems, in this industrial park.
On the Map
Industrial
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Players
Ridgeview Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93