Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $8.7 million sale of the Caldwell Building, a 78,319-square-foot, light manufacturing and distribution facility in the Charlotte-area community of Huntersville, North Carolina.
HFF marketed the property on behalf of the seller, Bank of America, N.A., as Trustee, and One Liberty Properties, Inc. purchased the asset as of May 25, 2017.
The institutional-quality building is leased to Forbo Siegling through May of 2025 and is situated on 18.58 acres fronting Herbert Wayne Court located within The Park – Huntersville. The Park – Huntersville lies within Charlotte’s North industrial submarket and has easy access to a network of major thoroughfares, including Interstate Highways 77, 485, 85 and 40, which provide connectivity to the entire Southeast U.S.
The HFF investment sales team representing the seller was led by senior managing directors Chris Norvell and Ryan Clutter and associate director Patrick Nally.
About One Liberty Properties, Inc.
One Liberty Properties, Inc.is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. One Liberty is publicly traded on the New York Stock Exchange under the symbol “OLP.” The primary business of the Company is to acquire, own and manage a geographically diversified portfolio consisting primarily of retail, industrial, restaurant, flex, health and fitness and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs. Learn more at http://1liberty.com.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina licensed real estate broker.