Property

Union Cross Enterprise Park property bought for $16.2 million | Native

The most recent in a sequence of business property purchases in Union Cross Enterprise Park entails a ten.6-acre tract at 289 Enterprise Park Drive being bought for $16.2 million.

The property accommodates a 125,000-square-foot distribution facility with Orbis Reusable Packaging Administration, a worldwide supply-chain firm, because the tenant.

The consumers are 217 E. twenty second St. Associates LP and Village Realty Companions LP, each of New York Metropolis.

The vendor is 289 BPO Holdings LLC, an affiliate of private-equity funding group SilverCap Companions LLC of Charlotte that focuses on industrial, residential and workplace investments.

The SilverCap affiliate has a considerable acquire on its funding contemplating it paid $9.15 million in June 2021 for the then-vacant lot.

In November, a 20-acre tract containing a 303,975-square-foot industrial constructing at 100 Enterprise Park Blvd. was bought for $23.8 million to DG Enterprise Park Property Proprietor LP, an affiliate of Dalfen, primarily based in Dallas. The property has Twin Metropolis Warehouses as its tenant.

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Dalfen is likely one of the nation’s largest consumers of business actual property and a frontrunner within the city logistics’ property house. The Union Cross buy is Dalfen’s first in Forsyth County and second within the Triad.

Additionally in June 2021, Heaps 1 and a couple of within the enterprise park had been bought for a mixed $2.9 million to 1188 at Solomon LLC of Greensboro.

In April 2021, the second logistics heart operated by Pepsi Bottling Ventures LLC was bought for $30.05 million. The 28.73-acre tract at 295 Enterprise Park Drive accommodates a 315,444-square-foot constructing.

The customer was MDC NC3 LP, an affiliate of publicly-traded Realty Revenue Corp. of San Diego.

The acquisition seems to be exterior Realty’s regular possession and leasing technique that focuses on comfort shops, greenback shops, grocery chains, film theaters, health chains, wholesale golf equipment and home-improvement shops.

In February 2020, the Pepsi Bottling Ventures logistics heart at 390 Enterprise Park Drive was bought for practically $35 million to an affiliate of Griffin Capital Actual Property Co. of El Segundo, Calif. The advanced consists of 51.5 acres and a 526,320-square-foot constructing.

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