TA Realty Acquires Industrial Site From Christopher Knisley And TRUX Parking For $8 Million

An industrial asset located at 3414 Sandy Ridge Road in Greensboro, NC has been sold for $8,000,000. The site spans 11.3 acres and is graded, positioned for industrial outdoor storage or potential build-to-suit developments, with a capacity for up to 310 trailers. The previous sale of this property occurred in 2023 for $5.5 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,000,000
• Buyer: TA Realty
• Seller: Christopher Knisley - Albany Road Real Estate Partners; TRUX Parking
• Address: 3414 Sandy Ridge Road, Greensboro, NC
• Market: Greensboro, NC
• Asset Size: 11.3 acres
• Previous Sale Price: $5,500,000

TA Realty, which is an investment platform based in Boston owned by Mitsubishi through Rockefeller Group, acquired the property. Cushman & Wakefield is overseeing the marketing of the Sandy Ridge Center, which is in proximity to Piedmont Triad International Airport and the forthcoming $4.7 billion JetZero factory.