LM Real Estate Pays $97M ($71.23psf) for 1.36M SF Charlotte Industrial Asset

5/24/2024

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CPE

• Subcategory: Industrial: Distribution

• Tag: Sale

• Additional Filters-Tags: Sale: Single Property

• Company: LM Real Estate Partners, Somerset Properties

LM Real Estate Partners has acquired 1900 Continental Blvd., an almost 1.4 million-square-foot industrial facility in Charlotte, N.C., for $97 million. The firm financed the purchase with a $67 million loan originated by Voya Investment Management, public records show.