Edgewater Ventures, Alidade Capital sell Huntersville industrial building for $32M
Edgewater Ventures and Alidade Capital, who partnered on a new industrial building at The Park-Huntersville, sold the property this week for $32 million, Cushman & Wakefield announced.
Developers of a new Huntersville industrial project sold the property this week for a healthy price. This week, the owners sold the 159,492-square-foot building to a private investor for $32 million. The deal was announced by Cushman & Wakefield, which represented the seller in the transaction. E. and was pre-leased by Safeguard Medical, a medical products company that operates in the emergency medicine, defense and public safety sectors. Safeguard Medical chose the building to use as its global headquarters, picking the Charlotte area over other sites in New Jersey, Virginia and Texas, the company's CEO told the Charlotte Business Journal last year. Cushman's Fermin Deoca and Matt Treble provided local leasing expertise. The building sold for approximately $200 per square foot, which Cushman touts as a record price per square foot in the Charlotte industrial market. The project was Edgewater's first industrial development in the Charlotte region.