Demand For Industrial Brisk In SW Charlotte
The demand for Charlotte industrial is being met with new supply: Trinity Capital and PCCP recently started work on five industrial buildings totaling about 250k SF at southwest Charlotte’s Shopton Ridge Business Park.
“We’re focused on emerging opportunities in our core markets, and Charlotte’s southwest industrial sector continues to grow,” says Trinity Capital director of development Sherrie Chaffin. “We’ve been in southwest Charlotte and Shopton Ridge for over three years now, waiting for the opportunity to develop. This development fills the gap in the market for smaller, single-tenant industrial buildings.”
Trinity Capital initially purchased 25 acres and four buildings in Shopton Ridge Industrial Park in 2013. In '15, the company sold the buildings and kept the land for future development. The five new single-occupant buildings, which range from 33k SF to 69k SF, will be available for occupancy late 2016 or early '17.
Trinity Partners’ Terry Brennan, who will handle leasing and sales, says the company's encouraged by the interest it's already seen "from a broad spectrum of industry types."