Arden Logistics Parks (ALP), a logistics operating platform launched by the Arden Group, has acquired Northridge Business Center in the metro-Charlotte and North Charlotte submarkets. The four-building flex industrial portfolio boasts 174,000 square feet of space and was purchased from Fort Lauderdale-based SunCap for an undisclosed price.
This acquisition allows ALP to expand its presence in Charlotte, a robust market that is expected to continue growing. The portfolio currently maintains a diverse rent roll comprised of 30 NNN tenants and is considered an outstanding asset within the region.
Northridge Business Park consists of four facilities ranging from 22,655 to 65,382 square feet each. Additionally ALP’s portfolio includes properties located across Atlanta; Boston; Columbus; Dallas; Houston; Indianapolis Philadelphia San Antonio & Tampa markets as well
