CORFAC News

CORFAC Media Contact: Gary Marsh (415) 453-7045(415) 453-7045 or gary@marshmarketing.com

Local Media Contact: Kathy Leonard (704) 375.1101 or kleonard@piedmontproperties.com

Charlotte, NC (July 27 2015) - Piedmont Properties/CORFAC International, a leading full-service commercial real estate provider serving the Carolinas, today announced that Frank A. McCleneghan brokered the sale of two industrial properties in Charlotte with a combined consideration of $2,775,000.

McCleneghan represented PLV Investments in the acquisition of 600 Phillip Davis Drive in Charlotte. PLV acquired the property as an investment for $1.15 million. SFRH Charlotte Flip was the seller in the deal. Classic Party Rentals occupies the 33,152-square-foot building on 5.8 acres. PLV Investments used a 1031 Exchange to purchase the asset.

“This was a complicated deal to close and took over a year due to some environmental issues on the property from a previous tenant but it should be a solid investment property for the buyer,” said McCleneghan.

McCleneghan also represented PLV Investments in the sale of an 18,000-square-foot industrial building that sits on approximately 0.76 acres of land for $1.625 million. Located at 1117 & 1123 Clement Avenue in Charlotte, the buyer -- Tribridge Development, plans to build more than 200 apartments on site after demolishing the existing building. MetroGraphics Commercial Printing Services formerly occupied the property and relocated to another facility earlier this year.

About Piedmont Properties/CORFAC International
Piedmont Properties of the Carolinas, Inc. is a commercial real estate firm located in Charlotte, North Carolina established in 1993 in response to demand for a highly responsive and focused firm offering full service commercial real estate expertise to private sector clients, including entrepreneurs and publicly traded entities alike. Piedmont Properties’ vision is to be and build upon our reputation as a high quality, client-oriented real estate service firm offering our services to local and worldwide corporations. Piedmont Properties brings a team approach to the services we provide to our clients by bringing to the table at any one time a team of real estate professionals who can meet the objectives of our clients. Our brokers provide clients with experience in sales and leasing; tenant representation; site selection; disposition; investments; tax-deferred exchanges; build-to-suit; and real estate evaluations. For more information on Piedmont Properties/CORFAC International visit:www.piedmontproperties.comor call 704.375.1101704.375.1101.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services.  In association with global affiliates, CORFAC International offers commercial real estate services with market reach in 48 countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion in 2014. For more information on the CORFAC network, visit www.corfac.com.

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Patricia True Agos
773-758-5044
patricia@ktpronline.com

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