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Greenworks Tools Acquires 508,000-SF Industrial Facility

Outdoor Power Tool Company Selects Morganton for Distribution Operations
January 5, 2018
Greenworks Tools, a company that manufactures battery-powered outdoor power tools for consumers and landscaping professionals, acquired the 507,600-square-foot industrial building in Morganton, NC from a private investor for $8.53 million, or about $17 per square foot.

The buyer will be using the warehouse located at 600 Causby Rd. for its distribution operations. Greenworks recently relocated its North American headquarters in 2016 to a 40,000-square-foot office building in Morrisville, NC, located approximately 184 miles east.

This distribution facility is adjacent to exit 98 on Interstate 40. It was built in 1994 and sits on a land area of 138.6 acres. The property features 22 loading docks and five drive-in bays.

Douglas Faris and Derek Anderson of Biswanger's Charlotte office represented the seller, while Tommy Turner with Newmark Knight Frank Charlotte represented the buyer.

Please see CoStar COMPS #4097690 for more information on this transaction.
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