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CARDINAL SELLS LAND AT CAROWINDS

CARDINAL SELLS  LAND AT CAROWINDS
Cardinal Real Estate Partners just sold 62 acres of ?industrial dirt? for about $2.7M. (We have plenty of dirt to sell... we'll grab a shovel.)
 
Cardinal Real Estate Partners' John Culbertson
The site, off I-77, straddles Mecklenburg, NC and York County, SC. The buyer, (Carowinds theme park owner) Sandusky, OH-based Cedar Fair, bought the property as an investment. (They?ve been parking cars there anyway.) The seller was NY-based private equity firm D.E. Shaw & Co. Cardinal?s John Culbertson  was lone broker in the sale. Land sales have been few and far between of late, John tells us. ?With so few transactions being done, when land does sell, it is a story,? John says.
 
Reznick Intext CHAR
WASHINGTON DC 09.28.2017

WASHINGTON DC STATE OF OFFICE

Development, Design, Finance & Investment, Tenant Demands, and Asset Management

Paul DeMartini
Tishman Speyer
Brandon Ernst
Lincoln Property Company
Chuck Watters
Hines
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