Updated Oct 12, 2026
Gregory S. Bates Of GID Acquires Industrial Portfolio From Charles Emond For $119.5M
3700 Woodpark Boulevard
$119,500,000
Building Size
—
Asset Type
Industrial
Closing
Oct 9, 2026
About this deal
AI
The transaction involves a 10-property industrial portfolio located at 3700, 3801, 3201, 3731, 3300, 3301, 3400, 3500, 3530 & 3600 Woodpark Boulevard in Charlotte, NC, comprising 77 acres. The properties were sold for $119.5 million, with the buyer acquiring nine buildings and one vacant parcel from the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $119,500,000
- Buyer: Gregory S. Bates - GID
- Seller: Charles Emond - Le Caisse
- Financing: Capital One
- Location: Woodland Business Park, north Charlotte
Gregory S. Bates represents GID in this acquisition, gaining the largest ownership stake in the 77-acre Woodland Business Park, strategically positioned near Interstates 85 and 77. The seller, Charles Emond, is associated with the Canadian investment group La Caisse, facilitating this significant transaction.
On the Map
$119,500,000
Industrial
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Players
Charlotte Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93