We are pleased to announce that Argosy Real Estate Partners, in partnership with Tectonic Real Estate and Tribek Properties, has acquired an approximately 23-acre site for the development of WestEnd Logistics, a 188,604 sf Class-A industrial project.  The fully entitled site is located in Gaston County, one of the most in-demand industrial submarkets in the Charlotte MSA, according to CoStar.

Upon completion, the project will be comprised of a 188,604 sf (674’ width x 280’ depth) standalone building with rear-load configuration, 32’ clear height and 130’ truck court depth.  The business plan is to deliver flexible space that can be leased to a single tenant or divided into 50,000-100,000 sf for multiple tenants.  The project is within immediate proximity to I-85, providing excellent access both east to Charlotte and west to Spartanburg, Greenville and Atlanta.  The investment provides the opportunity to deliver a Class-A industrial property in a high barrier-to-entry market at a competitive cost basis, while obtaining the benefits of investing within a Qualified Opportunity Zone.

The investment was made in partnership with Tectonic Real Estate and Tribek Properties, two Charlotte-based firms.  Tectonic Real Estate is a developer and owner of industrial properties across the southeast.  Tribek Properties is a development company focused on industrial properties.