
Denholtz Properties Acquires 53,811-Square-Foot Charlotte, N.C. Industrial Building
19 May 2022
Denholtz Properties Acquires 53,811-Square-Foot Industrial Property in Charlotte, N.C. as First Acquisition for $1B Joint Venture
Denholtz Properties has announced the acquisition of a 53,811-square-foot industrial property located at 9201 Forsyth Park Drive in Charlotte, North Carolina. This transaction marks the first acquisition for Denholtz’s recently launched $1 billion joint venture focused on acquiring and developing multi-tenant industrial properties across key markets.
Positioned within the Charlotte Southwest area, the largest industrial submarket in the region, 9201 Forsyth Park Drive offers strategic access to major transportation routes, including SR-Westinghouse Boulevard, Interstates 77, 485, and 85. Known as a vital corridor for industrial growth in the Southeast, I-85 connects Charlotte to economic hubs in Atlanta and Raleigh-Durham. The property’s single-story design includes premium features such as full-building air-conditioning, heavy power, seven loading docks, four grade-level rollup doors, and 18-foot clear ceilings. Currently, the building is fully leased to three diverse tenants.
“With its prime location, flexibility, and robust tenant base, 9201 Forsyth Park Drive is precisely the asset type we targeted when launching this venture,” said Stephen Cassidy, President of Denholtz Properties. “This acquisition expands our industrial footprint in the thriving Charlotte market, and we look forward to building on this momentum with similar acquisitions.”
The Charlotte MSA is one of the nation’s top real estate markets, with a 50.8% population increase since 2000 and a further 4% growth projected over the next three years. In addition to rapid population growth, the area benefits from a skilled labor force, a solid manufacturing and distribution sector, and a growing presence in the energy industry. It is also home to major corporate headquarters, including Bank of America, Lowe’s, Honeywell, Duke Energy, and Truist.
This acquisition underscores Denholtz Properties’ commitment to capitalizing on high-demand, strategic markets as part of its ambitious joint venture.