CHARLOTTE, NC – May 14, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the sale of Maplecrest Industrial Center, located at 2725 and 2905 Westinghouse Boulevard in Charlotte, North Carolina. The transaction was valued at approximately $12.6 million, reflecting a competitive price of $200 per square foot.
A private investor purchased Maplecrest Industrial Center, which comprises two fully leased buildings totaling 63,200 square feet. Stream’s Executive Vice President Grant Keyes and Vice President Alex Olofson represented Hipp Investments, an out-of-market seller in the transaction.
“Our team is proud to have played a role in the off-market sale of Maplecrest and delivered a tremendous outcome for our client,” said Olofson. “Despite the financing market being in the doldrums these past few years, this type of product remains a focal point for investors. “
The Maplecrest Industrial Center is strategically situated along Westinghouse Boulevard, providing convenient access to major transportation arteries, including the Interstate 77 and Interstate 485 interchange, the Charlotte Douglas Airport, and Interstate 85. The property’s in-fill location, combined with its current income and potential for rental growth, made it an attractive investment opportunity.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
