Charlotte, North Carolina, December 3, 2025
A California-based investor has purchased a 168,480-square-foot industrial building near Charlotte Douglas International Airport for $10.4 million. This acquisition reflects growing investor confidence in the area’s industrial real estate market, particularly as the region benefits from strategic developments such as the ‘Destination CLT’ project aimed at modernizing the airport. The property is currently leased by Big Beverages Contract Manufacturing, showcasing the vibrant demand for industrial spaces in Charlotte.
California Investor Expands Portfolio with $10.4 Million Charlotte Acquisition
A new industrial development near Charlotte Douglas International Airport signals rising confidence in the region’s economic future.
Charlotte, North Carolina – A California-based investor has acquired a building near Charlotte Douglas International Airport for $10.4 million. This purchase adds to the investor’s growing portfolio in the Charlotte area, showcasing the vibrancy and appeal of the city’s industrial real estate market.
Situated at 11920 Vanstory Drive in Huntersville, the property boasts a substantial 168,480-square-foot industrial building currently leased by Big Beverages Contract Manufacturing. The previous owner, Cabot Properties, had purchased the building in 2020 for $16.4 million. Originally developed by Scannell Properties, the building was completed in 2019 and is part of the larger Park-Huntersville development.
Growing Interest in Charlotte’s Industrial Sector
This latest acquisition is indicative of a broader trend, as the California investor’s portfolio company, Link Logistics, recently acquired the Charlotte Intermodal Logistics Center near Charlotte Douglas International Airport for $49.5 million and spent over $81 million on the Crossroads Distribution Center in southwest Charlotte. Their investments also extend to developmental projects in Mooresville and other parts of Charlotte.
Charlotte’s industrial real estate market has been heating up, driven by strategic location and expanding infrastructure. In October 2024, J.B. Hunt Transport made headlines by purchasing 34 acres near the airport for $10.75 million, with plans to develop a 260,000-square-foot industrial facility. This land sits adjacent to Interstate 485 and is part of the airport’s “Destination CLT” project, a comprehensive $3.5 billion capital investment aimed at modernizing and expanding airport facilities to meet rising passenger demand.
Entrepreneurial Potential and Economic Growth
The surge in industrial investments reflects investors’ confidence in the Charlotte region, bolstered by its advantageous position and robust infrastructure. The continued expansion of the airport and surrounding logistics capabilities make the area particularly attractive for businesses seeking to optimize their operational efficiency. The local economy stands to benefit significantly from reduced regulations and a welcoming environment for entrepreneurial innovation.
As Charlotte grows into a logistics and industrial hub, small businesses and startups are likely to flourish, supported by increased investment and collaboration opportunities. The interplay of private investment in infrastructure, alongside community support, could catalyze further economic dynamism in the region.
Your Role in Supporting Local Businesses
Conclusion
The recent acquisition near Charlotte Douglas International Airport illustrates a trend of rising investment in Charlotte’s industrial real estate sector. With strategic projects in the pipeline, such as the “Destination CLT” initiative, the potential for economic growth and business success in the region appears promising. Engaging with local businesses and advocating for favorable conditions for entrepreneurs will foster an environment that continues to thrive and innovate.
Frequently Asked Questions (FAQ)
What is the recent acquisition near Charlotte Douglas International Airport?
A California-based investor has acquired a building near Charlotte Douglas International Airport for $10.4 million. This purchase adds to the investor’s growing portfolio in the Charlotte area.
What is the size and current tenant of the acquired property?
The property, located at 11920 Vanstory Drive in Huntersville, is a 168,480-square-foot industrial building. It is currently leased by Big Beverages Contract Manufacturing.
What other recent investments have been made in the Charlotte industrial real estate market?
Earlier this year, the investor’s portfolio company, Link Logistics, acquired the Charlotte Intermodal Logistics Center near Charlotte Douglas International Airport for $49.5 million. Additionally, Link Logistics purchased the Crossroads Distribution Center in southwest Charlotte for over $81 million. The investor has also developed projects in Mooresville and Charlotte.
What is the “Destination CLT” project?
The “Destination CLT” project is a $3.5 billion capital investment aimed at expanding and modernizing Charlotte Douglas International Airport’s facilities. The project includes terminal, airfield, and roadway expansions to accommodate increasing passenger demand.
Why is the Charlotte area attractive to industrial real estate investors?
The Charlotte area is attractive to industrial real estate investors due to its expanding infrastructure, strategic location, and proximity to Charlotte Douglas International Airport, which offers logistical advantages and supports economic growth.
Key Features of the Recent Acquisition
| Feature | Details |
|---|---|
| Investor | California-based investor |
| Property Location | 11920 Vanstory Drive, Huntersville, NC |
| Property Size | 168,480 square feet |
| Current Tenant | Big Beverages Contract Manufacturing |
| Purchase Price | $10.4 million |
| Seller | Cabot Properties |
| Previous Purchase Price | $16.4 million (2020) |
| Development Completion | 2019 |
| Part of Development | Park-Huntersville |
| Recent Investments by Investor | Charlotte Intermodal Logistics Center ($49.5 million), Crossroads Distribution Center ($81 million), developments in Mooresville and Charlotte |
| Airport Expansion Project | “Destination CLT” project, a $3.5 billion capital investment |
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Author: HERE Charlotte
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