Rockefeller Group Acquires 60-Acre Site Near Charlotte for New 370,000 SF Speculative Industrial Building
ATLANTA, GA – January 3, 2018 – Rockefeller Group announced today that it has acquired approximately 60 acres of land in Fort Mill, S.C. The company will begin construction on Lakemont77, a 370,000-SF speculative industrial building located along I-77 just south of Charlotte, N.C. within the Lakemont Business Park.
“Rockefeller Group has long recognized Charlotte as a prime target for industrial development and this site is ideal,” said John Petricola, Senior Vice President and Regional Development Officer for Rockefeller Group’s Southeast Region. “Charlotte is the second largest industrial market in the Southeast with improving demographics and strong population growth. It’s an area prime for industrial growth and will continue to be important to our industrial development strategy.”
Avison Young’s Christopher J. Skibinski, Principal, Managing Director, and Henry Lobb, Senior Associate, are the exclusive leasing agents on Lakemont77.
“We are excited to bring Rockefeller Group and new speculative product to the Charlotte market,” said Skibinski. “With vacancy below 4%, the Stateline industrial submarket is lacking large, Class-A industrial product. Combined with continued, steady absorption, this new supply will meet strong demand and continue the market’s momentum.”
Located off Steele Pointe Drive and situated along I-77, the cross-dock building will feature 36-foot clear ceiling heights with ample auto parking and trailer storage.
According to Tyler Jones, Development Manager for Rockefeller Group’s Southeast Region, “Our site’s access to I-77 and I-485 makes the location attractive for both regional and local distribution. The project’s versatile design will also be suitable for light industrial and manufacturing users.”
Both Rockefeller Group and Avison Young have begun marketing the project to prospective users and anticipate the building to be completed in the third quarter of 2018.
The property was sold to Rockefeller Group by Bailey W. Patrick and Bailey W. Patrick Jr. of MPV Properties, who represented the seller, Lakemont Property Investors. Chris Skibinski of Avison Young represented Rockefeller Group.