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BGO Acquires 428000 Square Foot Industrial Building In Pineville From Beacon Partners For $641M

Property Image
SOLD
$64,100,000

North Carolina

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Industrial428,000 SF
Sold 10/22/2025
the dealdetailscomps
Property Image
SOLD

BGO Acquires 428000 Square Foot Industrial Building In Pineville From Beacon Partners For $641M

12031 Carolina Logistics Drive

See Similar Deals
Industrial428,000 SF
Sold 10/22/2025
the dealdetailscomps

Summary

NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$149
Total Square Footage:428,000 SF
Transaction Type:Sale

BGO has acquired an industrial property located at 12031 Carolina Logistics Drive in Pineville, NC for $64.1 million. This asset encompasses 428,000 square feet, translating to a price per square foot of approximately $150. The facility, situated in Carolina Logistics Park, operates as a bakery and production plant for Carolina Foods.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $64,100,000
  • Sale Price Per Square Foot: $150
  • Square Footage: 428,000
  • Buyer: BGO
  • Seller: Beacon Partners
  • Market: Pineville, NC

The transaction involved BGO as the buyer and Beacon Partners as the seller, facilitating the acquisition of this industrial building which supports the operations of Carolina Foods since their move to the site last year.

Players

B
BGO
BUYER

Details

SOLD
IMAGE: 10/22/2025 ADDRESS: 12031 Carolina Logistics Drive MARKET: Pineville, NC ASSET TYPE: Industrial BUYER: BGO SELLER: Beacon Partners SALE PRICE: $64,100,000 SF: 428,000 ~ PPSF: $150 NOTE: BGO has acquired a 428,000-square-foot industrial building at 12031 Carolina Logistics Drive in Pineville, N.C., for $64.1 million ($147.77/sf) from developer Beacon Partners. The facility, located in Carolina Logistics Park, serves as a bakery and production plant for Carolina Foods, which moved in last year.

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