LM Real Estate Partners Acquires Logistics Pointe Distribution Center In Charlotte For $82M

LM Real Estate Partners has acquired the Logistics Pointe Distribution Center, an 879,128-square-foot industrial property located at 11922 General Drive in Charlotte, North Carolina. The property was sold by New York Life Insurance Co for a total price of $82 million, which translates to approximately $93.27 per square foot. This 52.3-acre industrial asset is situated in the thriving market of Charlotte, NC.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $82,000,000
• Square Footage: 879,128
• Address: 11922 General Drive, Charlotte, NC
• Market: Charlotte, NC

Jared Marcus & John Livanos, representing LM Real Estate Partners, were the buyers of the Logistics Pointe Distribution Center. The seller of the property was New York Life Insurance Co. The transaction was facilitated by JLL, serving as the broker for the deal.