Abmar Investments Acquires Industrial Property In Charlotte From Affiliate For $6.6M

An industrial building spanning 60,000 square feet located at 2817 Westinghouse Blvd. in Charlotte, NC, was successfully sold for $6.6 million. The transaction involved Abmar Investments, a Virginia-based entity, acquiring the property from an affiliate of Zurich Alternative Asset Management.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,600,000
• Buyer: Abmar Investments
• Seller: Affiliate of Zurich Alternative Asset Management
• Brokers: Dave Andrews, Josh Mcardle, Michael Lewis & Pete Pittroff - JLL

The deal was facilitated by a team of brokers including Dave Andrews, Josh Mcardle, Michael Lewis, and Pete Pittroff from JLL. The acquisition highlights the strategic investment made by Abmar Investments in the Charlotte industrial market through this transaction.