An industrial real estate group from Mass. Enters Triad Market with $45M Portfolio Buy | Local

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There were five warehouses in the Indiana distribution center included in the transaction: 4965 Indiana Ave. with a 71,200 square foot building that cost $3.9 million; 5160 Indiana with a 48,000 square foot building that cost $2.6 million; 5170 Indiana with a 59,234 square foot building that cost $2.9 million; 5180 Indiana with a 27,540 square foot building that cost $1.5 million; and 5190 Indiana with a 52,500 square foot building that cost $2.8 million.

The other properties were: 4320 Enterprise Drive with a 26,500 square foot building that sold for $2.6 million; 4415 Providence Lane with a 44,440 square foot building that sold for $2.5 million; 4303 Idlewild Industrial Drive with a 60,000 square foot building sold for $3.3 million; and 1330 Ivy Ave with a 40,000 square foot building that sold for $2.2 million.

Raymond Collins Jr. of Collins Commercial Properties Inc. said he was not surprised by the cumulative price the Charis portfolio received from SVN Parsons.

Industrial development and industrial investment are at an all-time high in the Triad region,” Collins said.

“This is leading many developers and/or investors who have already invested in other areas of commercial real estate to focus their attention on the industrial sector.”

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