Link Logistics Acquires Charlotte Intermodal Logistics Center From The Silverman Group For $49.5M

The property asset involved in this transaction is the Charlotte Intermodal Logistics Center, an industrial facility located at 10137 Horton Road in Charlotte, NC. It was sold for $49,500,000, equating to a price per square foot of approximately $117.86. The asset encompasses a total square footage of 420,000 and is positioned near Charlotte-Douglas International Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $49,500,000
• Address: 10137 Horton Road
• Market: Charlotte, NC
• Square Footage: 420,000
• Price per Square Foot: $117.86
• Buyer: Link Logistics
• Seller: The Silverman Group

This transaction involved Link Logistics acquiring the Charlotte Intermodal Logistics Center from The Silverman Group. Notably, the property had recently lost its main tenant, MAT Holdings, which vacated the facility in July to move to Gastonia.