TA Realty Sells Charlotte Complex to REIT for $61M

TA Associates Realty sold a 1.08 million-square-foot industrial complex in Charlotte, NC, to Liberty Property Trust (NYSE:LRY) for $ 60.75 million or $ 56 per square foot.

Crosspoint Center has seven buildings ranging from 80,682 to 268,800 square feet on 78 acres in Mecklenburg County. The assets were built between 1990 and 1998. Sygma, Lagasse Sweet, MEDIC/Mecklenburg EMS Agency and Brooks Equipment Co. are some of the tenants in the 90 percent…
National Commercial Real Estate News From CoStar Group