Bluerock Acquires Industrial Buildings In Charlotte, NC For $35.3M

An affiliate of Bluerock has acquired two industrial buildings in Charlotte, NC for $35.3 million. The properties, located at 9415 Pioneer Avenue, have a total square footage of 312,590, resulting in a price per square foot of $113. This transaction took place on July 7, 2023.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $35,300,000
• Address: 9415 Pioneer Avenue
• Market: Charlotte, NC
• Buyer: Affiliate of Bluerock
• Seller: Dogwood Industrial Properties

The buyer, an affiliate of Bluerock, acquired the industrial buildings from the seller, Dogwood Industrial Properties. This acquisition showcases Bluerock's expanding presence in the Charlotte, NC market and underscores their strategic investment in the industrial sector.