IREDELL COUNTY, N.C. — Another major industrial deal in the Charlotte region has closed, this time with a big-name retailer securing a significant amount of space for its operations.
Walmart Fulfillment Services LLC bought Troutman Industrial Park, a 1 million-square-foot industrial shell building, for $69 million, according to Iredell County real estate records. The building sits on a 158.3-acre lot at 386 Murdock Road and was developed by longtime developer Kathy Godley. The deed for the sale was recorded on Tuesday.
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JLL’s Matthew Greer and Brad Cherry brokered the deal on behalf of Godley. Ed Lampitt and Matt Treble from Cushman & Wakefield represented Walmart.
Troutman Industrial Park is among the largest industrial buildings in the Charlotte region. The sale to a single user is a continuation of emerging trends in the Charlotte industrial real estate market, where larger buildings are becoming increasingly more popular.
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