Seefried Industrial Properties, as development partner for Clarion Partners, LLC, have acquired nearly 50-acres of land for development of a five-building spec warehouse project located in Charlotte, NC, at the southeast corner of Beam Road and Pine Oaks Drive. As planned, the project will total 590,000 square feet of modern space encompassing two phases. Together the project can accommodate multiple industrial users needing space from 20,000 to 180,000 square feet.

Buildings will feature 32′-36′ clear heights, 130′-210′ truck courts, 50 trailer parks, a total of 686 parking spaces and an ESFR sprinkler system. It will have two points of ingress and egress offering close proximity to Interstates 85, 485 and 77, as well as Billy Graham Parkway and Charlotte Douglas International Airport.

“Seefried Industrial Properties is bullish on the Charlotte airport market and believes that Beam Road Distribution Center is well positioned to take advantage of the growing demand for industrial space in the Charlotte market,” says Paul Seefried, Senior Vice President of Seefried Properties. “Our capital partner, Clarion Partners, recognized the same and we are excited to be working on another venture with them.”

Shell completion is scheduled for the second quarter of 2021.

Merriman Schmitt Architects has been engaged as the architect; Burton Engineering is the civil engineer.

The JLL team, led by Spencer Yorke and Jordan Quinn will lead the leasing/marketing efforts for the new project.

About Seefried Properties

Founded in 1984 by Ferdinand Seefried, Seefried Properties is a privately held real estate firm that focuses on the development, leasing and management of industrial properties across the United States. The firm primarily focuses on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried leases and manages approximately 25 million square feet for its institutional and European clients and has developed over 200 million square feet of space valued in excess of $18 billion across 120+ markets. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles, and Phoenix.

About Clarion Partners, LLC

Clarion Partners, LLC, an SEC registered investment advisor with FCA-authorized and FINRA member affiliates, has been a leading real estate investment manager for over 38 years. Headquartered in New York, the firm has offices in major markets throughout the U.S. and Europe. With more than $56 billion in total assets under management, Clarion Partners offers a broad range of equity and debt real estate strategies across the risk/return spectrum to its more than 400 domestic and international institutional investors. More information about the firm is available at clarionpartners.com.