CBRE Facilitates Sale of AMREP Manufacturing & IOS Facility in Salisbury, North Carolina

CBRE announced the sale of 125 Summit Park Drive in Salisbury, North Carolina, an 81,225-sq.-ft. Class-A, mission-critical manufacturing and industrial outdoor storage (IOS) facility, for $15.5 million. The property was acquired by RJ Properties.

CBRE’s Robert Hardaway, Patrick Gildea and Matt Smith represented the seller, Beacon Partners, in the transaction, along with CBRE’s leasing professionals Anne Johnson, John Christenbury and Piers Wates. The buyer, RJ Properties, was represented by CBRE’s Gary Stache.

Developed by Beacon Partners in 2025, the Class A facility is an institutional-grade manufacturing and IOS asset purpose-built for AMREP, a premier U.S. manufacturer of refuse collection equipment and a key brand within the Wastequip family. The property serves as a complementary expansion of AMREP’s existing operations within Summit Corporate Center and consists of approximately 81,225 sq. ft. of manufacturing and office space on 19.68 acres, including approximately 4 acres of secured IOS.

“As evidenced by this transaction, investor demand for high-quality, well-located industrial product remains strong,” said Robert Hardaway, Associate Vice President at CBRE. “The asset’s institutional-quality construction, mission-critical use and secure IOS component made it particularly attractive to investors, especially given the limited availability of similar acquisition opportunities in the market.”

Located approximately 30 minutes north of Charlotte, Rowan County sits along the I-85 Super Region megacorridor and has emerged as one of the Southeast’s most attractive industrial markets. The region offers access to a large labor pool, multimodal transportation infrastructure and a pro-business environment that continues to attract advanced manufacturing investment.

According to CBRE Research, Charlotte’s industrial market recorded 3.18 million sq. ft. of net absorption year-to-date through the second quarter of 2026, while vacancy declined to 7.1%. Rowan County has been a key contributor to that growth, posting more than 1 million sq. ft. of net absorption during the first half of the year.