Obelisk Real Estate Partners Acquires Industrial Building In Charlotte For $16.75 Million

Obelisk Real Estate Partners acquired an industrial building located at 5130 Hovis Road in Charlotte, NC. The property, which consists of 167,000 square feet, was sold for a transaction amount of $16.75 million, equating to approximately $100.30 per square foot. The fully leased building was constructed in 1972 and was sold by an affiliate of Dogwood Industrial Properties.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,750,000
• Square Footage: 167,000
• Address: 5130 Hovis Road
• Market: Charlotte, NC
• Seller: Dogwood Industrial Properties
• Buyer: Obelisk Real Estate Partners

This transaction highlights the involvement of prominent entities in the real estate market, with Dogwood Industrial Properties acting as the seller represented by its affiliate, and Obelisk Real Estate Partners as the buyer. Both companies play significant roles in the industrial property market in Charlotte.