Toromont Industries Ltd Acquires Industrial Facility From LBA Logistics For $41.8 Million In Charlotte

An industrial facility located at 13006 Sam Neely Road in Charlotte, NC, has been sold for $41.8 million. This property encompasses a total area of 232,310 square feet, equating to a price per square foot of $180.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $41,800,000
• Buyer: Toromont Industries Ltd
• Seller: LBA Logistics
• Brokers: Tom Tropeano, Chris Loyd, Gray Gaines & Christopher Skibinski - Avison Young
• Market: Charlotte, NC
• Square Footage: 232,310
• Price Per Square Foot: $180

Toromont Industries Ltd, the buyer, is the owner of AVL Manufacturing, which is based in Canada. The transaction involved the acquisition of the facility from LBA Logistics, highlighting the engagement of multiple brokers representing both parties in this industrial property deal.