Jeff Small Jr. Of MDH Partners Acquires Industrial Property In Kannapolis For $35M

MDH Partners acquired a 279,000-square-foot industrial building located at 2820 Stadium Drive in Kannapolis, NC for $35 million. The asset is part of the Lakeshore Corporate Park, which spans over 700,000 square feet and is fully leased to open-box and overstock retailer Rebel.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $35,000,000
• Address: 2820 Stadium Drive
• Market: Kannapolis, NC
• Square Footage: 279,000
• Price Per Square Foot: $125
• Buyer: Jeff Small, Jr. - MDH Partners
• Seller: Zack Markwell - Stonemont Financial Group; J. Harris Morrison III - Fortius Capital Partners
• Broker: CBRE

This transaction was facilitated by CBRE, representing the interests of both the buyer and the sellers in the deal. Jeff Small, Jr. heads MDH Partners, while Zack Markwell and J. Harris Morrison III represent Stonemont Financial Group and Fortius Capital Partners respectively.