Morgan Stanley paid $16 million for an industrial complex in greater Charlotte, North Carolina, occupied by a German manufacturer of adhesives, inks and sealants as industrial landlords in the area are experiencing rent growth.
Morgan Stanley Buys Industrial Complex Outside Charlotte
German Chemical Manufacturer Holds Long-Term Lease on Facility in Kings Mountain, North Carolina
By Andy Peters
CoStar NewsJuly 12, 2024 | 5:41 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- Morgan Stanley & Co. LLC
Finance and Insurance
- SomeraRoad Holdings, LLC
Finance and Insurance
- JLL
Real Estate
- ACTEGA North America, Inc.
Wholesaler
- ALTANA
Manufacturing
- Contacts
- Pete Pittroff
Senior Managing Director, Carolinas Office Co-Head, JLL
- Michael Lewis
Industrial Capital Markets Analyst, JLL
- Josh McArdle
Director, Investments, Beacon Development Company