Zack Markwell Of Stonemont Financial Group Acquires Two Industrial Buildings In Charlotte For $87.3M

The transaction involves the sale of two industrial buildings located at 5910 Long Creek Park Drive and 5808 Long Creek Park Drive in Charlotte, NC. The sale price for the properties reached $87.3 million, equating to approximately $146.45 per square foot with a combined square footage of 596,099. One of the properties is currently vacant after the departure of Eaton Corp, while the other property is leased to logistics tenants, including IFCO and Fidelis Logistics.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $87,300,000
• Buyer: Zack Markwell - Stonemont Financial Group
• Seller: Luke J. Petherbridge - Link Logistics Real Estate
• Square Feet: 596,099
• Price per Square Foot: $146.45
• Equity Partner: PCCP LLC

The individuals involved in the transaction include Zack Markwell representing Stonemont Financial Group as the buyer, and Luke J. Petherbridge acting as the seller on behalf of Link Logistics Real Estate. This acquisition highlights the active participation of PCCP LLC as an equity partner in the transaction, contributing to the financial structure of the deal.