J.B. Hunt Transport bought 34 acres at 8329 OId Dowd Road, near the Charlotte airport, from Strategic Real Estate Partners for $10.75 million.

The Charlotte Business Journal reports that Strategic may be planning to develop a 260,000-square-foot industrial building at the site. The land was still undeveloped at the time of the sale.

The site sits directly west of Charlotte Douglas International Airport near Interstate 485. It neighbors SunPoint CLT, a 373,950-square-foot industrial building recently delivered by SunCap Property Group.

JB Hunt Transport was founded in 1961. It is a Fortune 300 company with nearly 38,000 employees. Its companywide revenue last year was over $12.8 billion.

The airport is in the midst of a massive overhaul. Destination CLT, as the $3.5 billion capital investment project is called, will have an impact on everything from the lobby and the terminal to the runway.