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

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.