Matthew Browder Of Browder Brown Purchases Industrial Site In Charlotte For $6.65M

The property involved in the transaction is an industrial site located at 401 West 24th Street in Charlotte, NC. The asset, previously utilized by Sycamore Brewing, spans 52,000 square feet and is situated on nearly 2.5 acres of land. It was sold for $6,650,000, equating to a price per square foot of approximately $128.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,650,000
• Address: 401 West 24th Street
• Market: Charlotte, NC
• Square Footage: 52,000
• Price per Square Foot: $128
• Buyer: Matthew Browder - Browder Brown
• Seller: West Twenty Fourth LLC

Matthew Browder, the founder of Browder Brown, is spearheading plans to transform the acquired property into a mixed-use destination, which may include brewery operations, restaurants, and outdoor dining. Browder Brown's portfolio in the area now exceeds 30 acres following this acquisition.