![]() Charlotte Douglas International Airport, the sixth busiest in the country, also provides a vital connection. The projected growth over the next five years is likely to double the national average.Įdray currently has 30 employees working in Charlotte with plans to hire more.Ībout 70,000 people in the region work directly within the distribution and logistics industry and another 140,000 work in related occupations, according to the Alliance.Ĭharlotte’s location is prime for the industry, as the region is within a 12-hour drive to 53% of the nation’s population, the Alliance notes. This student-run scientific journal gives you the opportunity to publish research in a peer-reviewed journal. Those operations in Charlotte are growing 66% faster than the national average, according to the Alliance. Business McColl School of Business About Us. The Charlotte Regional Business Alliance credits the Queen City’s location, infrastructure, and talent to making the region a standout for distribution and logistics operations. “It’s important that we provide our current and future team with the rewarding and favorable business environment that supports the important work they do improving cargo velocity at ports and terminals and reducing logistics costs for our customers.” “We chose the thriving Charlotte region for our corporate headquarters due to its solid growth, talented workforce, and the quality of life it offers,” says Reade Kidd, co-founder, and CEO, in a press release. It helps improve velocity in and out of ports in an efficient and cost-effective manner. was an easy one, the company says, as Charlotte is home to several leading shipping-industry businesses, including ocean carriers, freight forwarders, and third-party logistics providers and truckers.Įdray’s technology-driven platform provides collaboration between cargo owners, drayage companies, steamship lines, and ports. Ryan Clutter, Chris Lingerfelt, Scot Humphrey and Zack Drozda at JLL represented the seller in the transaction.Logistics tech firm Edray moves headquarters to Charlotte from Atlantaīy Liz O’Connell – Staff Writer, Charlotte Business JournalĪ port logistics management platform for international shippers recently moved its corporate headquarters from Atlanta to the Queen City.Įdray’s move in August to an 8,400 square foot office at 1300 S. “Carmel Park is poised for rental rate growth and long-term success, and we anticipate more deals in the North Carolina market that garner nice returns for our investors.” “Given these characteristics, combined with the strength of the office market, we anticipate this portfolio will garner a strong return and we remain bullish on North Carolina due to its projected continued growth,” Berman said. OA says it owns 13 properties across the state, including five buildings at The Park-Huntersville.īerman cited Charlotte’s population and job growth, highly educated population and quality of life. Steve Berman, founder and partner at OA Development, said in a statement the firm’s “long-standing” presence and success in North Carolina prompted it to seek opportunities in Charlotte. The population figures, released today, show that Lancaster County just across the state line in South Carolina grew 4 between July 1 of 20 to reach an estimated 104,577. “Upgrades to the lobbies, restrooms, corridors, conference room, elevators, courtyard and tenant spaces improved the marketability of the property and allowed us to capitalize on the asset’s strong demographics.”ĬapRidge paid about $11.5 million for the two buildings in 2015. “We were able to add value to these buildings by giving them the type of hands-on management they deserved, which included delivering enhanced customer service and modernizing the common areas,” Black said. Kevin Black, chief operating officer at CapRidge, said in a statement that Carmel Park is an example of the firm’s strategy of acquiring “well-located” office buildings that can benefit from property upgrades, management and customer service. The properties recently underwent north of $4 million in renovations, including new interior finishes, a conference room and courtyard for tenants. There are 45 current tenants that have staggered lease terms, according to OA Development. The buildings, at 1111 Carmel Commons Blvd., were constructed in the early to mid-1980s. OA acquired Carmel Park One and Two for nearly $210 per square foot from the seller, Austin, Texas-based CapRidge Partners. The two, four-story office properties measure 173,068 square feet in total and were 92.9% leased at the time of the sale. OA Development out of Atlanta recently purchased Carmel Park One and Two for about $36.2 million, according to Mecklenburg County real estate records. Two office buildings in south Charlotte have been purchased after its former owner spent millions updating the properties. By Ashley Fahey – Real Estate Editor, Charlotte Business Journal
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