Trammell Crow Company Acquires 24 Acres Of Land In Charlotte For $5 Million From Abernethy Contracting

Trammell Crow Company purchased 24 acres of land located at 6120 Caldwell Park Drive in the Charlotte, NC market for a total of $5 million. The property is industrial-zoned and was acquired from Abernethy Contracting after a yearlong design and permitting process.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $5,000,000
• Buyer: Adam Nims - Trammell Crow Company
• Seller: Chad Abernethy - Abernethy Contracting
• Brokers: Andrew Blumenthal & Amy Tucker - Legacy Real Estate Advisors
• Loan Amount: $21.2 million
• Property Size: 24 acres
• Property Address: 6120 Caldwell Park Drive
• Market: Charlotte, NC

Seacoast National Bank provided a construction loan to Trammell Crow Company, which has yet to announce its development plans for the acquired land. The transaction reflects a significant investment in the industrial sector at a prime location near the Mecklenburg-Cabarrus border.