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SL Industrial Partners Acquires Industrial Property From Tectonic In Greensboro For $29.5M

Property Image
SOLD
$29,500,000
Tom Townes
Ryan Conboy

North Carolina

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Industrial293,740 SF
Sold 02/27/2025
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Property Image
SOLD

SL Industrial Partners Acquires Industrial Property From Tectonic In Greensboro For $29.5M

3618 Mcconnell Road

See Similar Deals
Industrial293,740 SF
Sold 02/27/2025
Tom Townes
Ryan Conboy
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$100
Total Square Footage:293,740 SF
Transaction Type:Sale

On February 27, 2025, a 293,740-square-foot industrial property located at 3618 Mcconnell Road in Greensboro, NC, was sold for $29.5 million. This transaction adds to SL Industrial Partners' increasing portfolio in North Carolina, which now exceeds 6 million square feet. The asset, developed by Tectonic and completed in 2023, boasts modern logistics features and provides easy access to major interstates.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $29,500,000
  • Sale Date: 02/27/2025
  • Buyer: SL Industrial Partners
  • Seller: Tectonic
  • Brokerage Firm: Cushman & Wakefield
  • Brokers: Tom Townes & Ryan Conboy
  • Square Footage: 293,740
  • Price Per Square Foot: $100

Cushman & Wakefield is currently managing the leasing for the facility, which features modern logistics capabilities developed by Tectonic. This acquisition further strengthens SL Industrial Partners’ presence in the industrial market of North Carolina.

Players

Tom Townes
Cushman & Wakefield
Tom Townes
1 deal$29.5M volume(336) 812-3302
BROKER
Ryan Conboy
Cushman & Wakefield
Ryan Conboy
1 deal$29.5M volume(336) 821-3832
BROKER
SP
SL Industrial Partners
BUYER

Details

SOLD
IMAGE: 02/27/2025 ADDRESS: 3618 Mcconnell Road MARKET: Greensboro, NC ASSET TYPE: Industrial BUYER: SL Industrial Partners SELLER: Tectonic BROKERS: Tom Townes & Ryan Conboy - Cushman & Wakefield SALE PRICE: $29,500,000 SF: 293,740 ~ PPSF: $100 NOTE: SL Industrial Partners has acquired a 293,740-square-foot industrial property in Greensboro, N.C., for $29.5 million, expanding its North Carolina portfolio to over 6 million square feet. The facility, developed by Tectonic and completed in 2023, features modern logistics capabilities with easy access to major interstates and is currently available for lease through Cushman & Wakefield.

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