Sagard Real Estate Purchases 123200 Square Foot Industrial Building From AEW Capital Management For $16M
North Carolina
See Similar DealsSagard Real Estate Purchases 123200 Square Foot Industrial Building From AEW Capital Management For $16M
13501 South Ridge Drive
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Sagard Real Estate has acquired an industrial asset located at 13501 South Ridge Drive in Charlotte, NC. The property spans 8.6 acres and consists of a 123,200-square-foot building. The transaction was completed for a total of $16 million, resulting in a price per square foot of $130.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Address: 13501 South Ridge Drive
- Market: Charlotte, NC
- Square Footage: 123,200
- Price per Square Foot: $130
- Buyer: Sagard Real Estate
- Seller: AEW Capital Management
The transaction involved Sagard Real Estate as the buyer, purchasing the property from an affiliate of AEW Capital Management. This strategic acquisition adds significant industrial space to Sagard Real Estate's portfolio in the Charlotte market.
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