CBRE Facilitates Sale & Financing of Greylyn Business Park Industrial Portfolio in Charlotte

CBRE announced the sale of Greylyn Business Park, a 648,060-sq.-ft., multi-tenant small-bay industrial portfolio located at 9101–9535 Monroe Road in Charlotte, North Carolina, to an affiliate of Equus Capital Partners for $102 million.

CBRE’s Robert Hardaway, Patrick Gildea and Matt Smith represented the seller, Weston, in the transaction, along with CBRE leasing experts Alek Salfia, Anne Johnson and Bryan Crutcher. Debt and structured finance services were provided by CBRE’s J.P. Cordeiro, Mike Ryan, Taylor Mathis and Will Chapman.

Greylyn Business Park is a premier, infill small-bay industrial portfolio comprised of 19 buildings across four parcels totaling approximately 56.8 acres. The portfolio is 92.8% occupied and features suite sizes designed to accommodate a broad range of small and mid-sized industrial users.

“Greylyn Business Park represents one of the few shallow-bay industrial opportunities in Charlotte to acquire scale within an infill submarket where replacement costs, limited new supply and strong tenant demand continue to support long-term fundamentals,” said Robert Hardaway, Associate Vice President at CBRE. “With shallow-bay continuing to prove a highly sought after asset class, the portfolio’s diverse tenancy mix and ability to cater to a wide variety of industrial users made it highly compelling to a broad range of investors.”

Positioned within Charlotte’s central industrial corridor, the property benefits from immediate access to U.S. Route 74 (Independence Boulevard) and proximity to Uptown Charlotte, SouthPark and surrounding residential neighborhoods.

According to CBRE Research, availability for shallow-bay industrial properties continues to tighten nationally as demand from smaller occupiers outpaces limited new supply. This dynamic has been driven by sustained tenant demand and a development pipeline that has remained heavily skewed toward larger-format industrial facilities.