Equus Capital has acquired a 19-building industrial portfolio in Charlotte for $102 million, expanding its holdings in one of the citys key infill logistics locations. The portfolio, known as Greylyn Business Park, totals 648,000 square feet of industrial space and is reported to be 92.8% occupied at the time of sale, indicating a largely stabilized rent roll.
The assets are located at 9535 Monroe Road and are organized across four separate parcels that together span nearly 57 acres. The park consists of multiple shallow-bay warehouse buildings, providing a range of suites that cater to smaller and mid-sized industrial users. The existing occupancy level suggests sustained demand from this tenant profile within the local industrial base.
CBRE represented the seller, Weston, in the transaction. The investment sales team was led by Robert Hardaway, Patrick Gildea and Matt Smith, who advised Weston on marketing and negotiations. CBRE also supplied leasing expertise through professionals Alek Salfia, Anne Johnson and Bryan Crutcher, underscoring the firms ongoing role in positioning and leasing the property within the Charlotte marketplace.
On the capital markets side, CBRE provided debt and structured finance services to support the transaction. That effort was led by CBRE professionals J.P. Cordeiro, Mike Ryan, Taylor Mathis and Will Chapman, who arranged financing solutions around the acquisition of the 19-building portfolio.
Greylyn Business Park is described as being located within Charlottes central industrial corridor, providing immediate access to U.S. Route 74, also known as Independence Boulevard. This connectivity offers efficient access to Uptown Charlotte, the SouthPark area and nearby residential neighborhoods, which can be important for distribution, service-oriented tenants and labor access.
CBRE Research notes that availability in the shallow-bay industrial segment continues to tighten at the national level. Demand from smaller occupiers is outpacing a limited pipeline of new supply, contributing to constrained vacancy in similar product types. The stabilized occupancy at Greylyn Business Park and its positioning in a central corridor align with those broader trends in the shallow-bay industrial sector.
The sale of Greylyn Business Park highlights ongoing institutional interest in multi-building, infill warehouse portfolios in established industrial corridors. With significant existing occupancy, direct highway access and proximity to major employment and residential nodes, the portfolio provides Equus Capital with a large-scale footprint in a segment where national availability remains tight.
