KBS Scores Refi for 500K-SF Charlotte Business Park
KBS has secured a $38 million loan to refinance Crossroads Distribution Center, a four-building, 496,723-square-foot industrial property in Charlotte, North Carolina.
Crossroads Allen Aldridge added, “It is accessible to rail, road, air, and water transportation, including ports along the Eastern seaboard. As the Southeastern U.S. population maintains its growth trajectory, well-located logistics sites like this one are expected to continue to perform.”
KBS recently completed a lease renewal with the largest tenant at Crossroads, to remain at the property.
The site’s tenants include businesses that sell and distribute products imported into the U.S., most of which are shipped into the country via container ships. Amenities at the property include a fitness center, tenant lounge, on-site car wash/detail, and proximity to public transportation.
Joe Donato, vice chairman of Newmark, and his team assisted KBS in the refinancing.
Crossroads Distribution Center is located at 11401, 11415, 11435, and 11445 Granite Street in Charlotte, North Carolina.
