CORFAC News

Piedmont Properties/CORFAC International, a leading full-service commercial real estate provider serving the Southeastern U.S., today announced the completion of the sale of a 60,000 square foot distribution facility sitting on 15 acres of land located at 4001 Morris Field Road in Charlotte, NC. 

The property was sold by RGA Enterprises to Realterm Logistics and who completed a lease with CHEP prior to closing.

Christian Samartino and Scott Hensley, CCIM, SIOR, of Piedmont Properties/CORFAC International, represented the seller in this transaction. The buyers represented themselves.

The transaction helped both parties as RGA was able to relocate to a larger facility outside of 485 and CHEP was able to find a new location with enough outside storage to handle their heavy pallet and trailer storage requirement. 

“We were glad to facilitate a transaction where both parties benefit from the acquisition of a larger, more efficient facility for their respective operations," said Christian Samartino. "As the market has tightened throughout 2017, many companies have had to make do with what buildings are available. In the case of the Morris Field sale, we continue to see that buildings with outside storage are filling many company’s current needs.” 

About Piedmont Properties/CORFAC International
Piedmont Properties of the Carolinas, Inc. is a commercial real estate firm located in Charlotte, N.C., 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.com or call 704.375.1101.