Stonelake Capital Partners Acquires Industrial Facility In Concord NC For $51 Million

Stonelake Capital Partners acquired a fully leased industrial facility located at 7040 Northwinds Drive Northwest, Concord, NC, for a transaction amount of $51 million. The property encompasses 402,390 square feet and was sold by SL Industrial Partners. The price per square foot for this transaction is $127.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $51,000,000
• Square Footage: 402,390
• Address: 7040 Northwinds Drive Northwest
• Market: Concord, NC
• Price per Square Foot: $127
• Buyer: Mark Hedrick, Jack Harvey & William Jenkins - Stonelake Capital Partners
• Seller: SL Industrial Partners
• Broker Representatives: Abby Rights, Christopher Skibinski & Henry Lobb - Avison Young

This transaction marks Stonelake Capital Partners' first acquisition in the Charlotte metro area, highlighting their entry into a new market segment. The brokers involved in this deal are Abby Rights, Christopher Skibinski, and Henry Lobb from Avison Young, who represented the key parties throughout the transaction process.