Stonelake Capital Partners Acquires Industrial Property On Old Concord Road For $13.5M

The property involved in the transaction is a 123,140-square-foot industrial building located at 6000 Old Concord Road, Charlotte, NC, with a sale price of $13,500,000 and a price per square foot of $110.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,500,000
• Buyer: Stonelake Capital Partners
• Buyer's Representatives: Abby Rights, Christopher Skibinski, Henry Lobb & Jewell Gentry - Avison Young
• Seller's Representative: Scott Hensley - Piedmont Properties Group
• Sale Date: 01/29/2025

Stonelake Capital Partners continues its expansion in Charlotte with this acquisition, marking their second industrial property acquisition in January 2025. This deal involves a significant collaboration between Avison Young and Piedmont Properties Group in representing the respective parties in the transaction.