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Investor Pays $75 Million for Industrial Portfolio near Charlotte, North Carolina

Portfolio Traded For $48 Million Just Three Years Ago
The property at 5521 Lakeview Road, which is one of thirteen industrial properties that CIP Real Estate bought from Albany Road Real Estate Partners in a $75 million deal. (CoStar)
The property at 5521 Lakeview Road, which is one of thirteen industrial properties that CIP Real Estate bought from Albany Road Real Estate Partners in a $75 million deal. (CoStar)

Real estate investment and management firm CIP Real Estate shelled out $75 million on more than a dozen industrial properties in and around greater Charlotte, North Carolina, a market that, despite being impacted by the coronavirus pandemic, continues to field steady demand from investors and distribution tenants alike.

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News | Investor Pays $75 Million for Industrial Portfolio near Charlotte, North Carolina