LM Real Estate Partners, a New York-based real estate company specializing in industrial properties, has acquired the Logistics Pointe Distribution Center in Charlotte for $82 million. The 879,128-square-foot facility was purchased from NYL Investors LLC, an affiliate of New York Life Insurance Co. This multi-tenant property is fully leased and situated on a 52.3-acre site off I-77.
The seller was represented by a JLL team led by Dave Andrews who also facilitated the transaction with LM Real Estate Partners.
This recent acquisition adds to LM Real Estate Partner’s growing presence in Charlotte as they previously acquired another logistics facility for $10.6 million earlier this year. Founded in 2015, the company has amassed over 2.5 million square feet of industrial real estate across various locations including Statesville and Raleigh.
With their focus on industrial properties and expanding portfolio within North Carolina, LM Real Estate Partners continues to make strategic investments within the state’s thriving commercial real estate market.
