Edgewater Ventures, Stockbridge add another Charlotte industrial building to growing portfolio
June 23, 2022
// CHARLOTTE BUSINESS JOURNAL
CHARLOTTE – The groups partnered to purchase a 152,852-square-foot industrial facility on Westinghouse Boulevard from Boy Scouts of America for $13.5 million.
Edgewater Ventures and Stockbridge Capital Group have partnered to purchase a 152,852-square-foot industrial facility in southwest Charlotte for $13.5 million, according to Mecklenburg County real estate records. The building was purchased last week from Boy Scouts of America. BSA will continue to operate the facility, which it uses as a national distribution center. It is at 2109 Westinghouse Blvd.
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Tim Skender, principal at Edgewater, said the acquisition was a good opportunity in a submarket that is thriving. "We’re big believers in lifestyle office or neighborhood office," he said. "1800 Central is well-located, in a dynamic, growing (submarket) where the neighborhood is the amenity for the people who office there. There’s a lot of momentum in Plaza, broadly speaking."
Following two recent leases, another building in the Wilmington Trade Center, a growing industrial park along U.S. 421, is at full occupancy.
Edgewater Ventures is pleased to announce the addition of Joey Surles, to the Edgewater Industrial team as their Senior Property Accountant.
