Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a four-building office and light industrial portfolio totaling 411,434 square feet in the Charlotte-area community of Huntersville, North Carolina.
The HFF team marketed the property on behalf of the seller, Bank of America, N.A., as Trustee. Alidade Capital Fund IV, LP, a private investment fund organized and managed by Alidade Capital, LLC, purchased the assets.
Developed by the seller between 1988 and 1997, the portfolio comprises the 124,366-square-foot Boyce Building at 12200 Herbert Wayne Court; the 97,736-square-foot Campbell Building at 13245 Reese Boulevard West; the 86,789-square-foot Smith Building at 12125 Herbert Wayne Court; and the 102,543-square-foot Stewart Building at 11515 Vanstory Drive. The fully leased portfolio is home to 16 tenants, including GM Financial, Forbo Siegling and American Tire Distributors, Inc., and features glass-lined entrances, 24-foot clear heights, rear loading doors and concrete truck courts. The portfolio is situated on 65.4 acres within The Park – Huntersville, which is one of the largest mixed-use developments of its kind in the Charlotte region. The park’s infill location provides immediate access to all major thoroughfares, including Interstates 77, 485, 85 and 40.
The HFF investment advisory team representing the seller consisted of senior managing directors Chris Norvell and Ryan Clutter along with director Patrick Nally.
Holliday Fenoglio Fowler, L.P. acts by and through Holliday GP Corp, a North Carolina licensed real estate broker.
About Alidade Capital
Alidade Capital is a real estate fund manager and registered investment advisor that currently manages four real estate value-add funds. With a commitment to asset management, Alidade Capital preserves and creates value through its value add investments. Learn more athttp://www.alidadecapital.com.
About HFF
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 advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visithfflp.com or follow HFF on Twitter @HFF.
