Groundbreaking for Pineville Distribution Center in Charlotte, NC by Iconic Equities and Partners
On January 26, 2026, it was officially announced that Iconic Equities, Shoreline Capital, and Overlook Ventures have broken ground on the Pineville Distribution Center, a significant industrial development covering 194,232 square feet in Charlotte, North Carolina. This facility is set to occupy a 15-acre plot located specifically at 10203 Pineville Distribution Street, serving as a testament to the growing demand for industrial spaces in the Charlotte area.
The Pineville Distribution Center is strategically situated within an established industrial corridor, offering seamless access to major highways, including I-485 and I-77. This location represents the last undeveloped parcel in the Pineville Industrial Corridor, marking a significant milestone for both the project and the region. Construction began on November 6, with the center expected to be operational by mid to late 2026.
"As the market for high-quality industrial properties surges due to population growth, booming e-commerce, and strengthened local manufacturing, the Pineville Distribution Center is tailored to meet this demand," stated Tim Bishop, CEO and Founder of Iconic Equities. This innovative facility is being designed as a modern warehouse solution that aligns with the needs of today's logistics operations, providing flexibility and superior features essential for contemporary warehouse users.
Benefits of the Pineville Distribution Center include its proximity to existing distribution facilities and well-established logistics networks. Notably, it is located near a vast 525,000-square-foot distribution center currently operated by Campbell Snacks, along with the Carolina Logistics Park, which spans 300 acres and houses several major tenants such as Amazon.com, Bosch Rexroth Corp., and Grainger.
Jeffrey Shuster, President of LaSalle Value Partners, expressed excitement over this partnership, emphasizing the advantageous location and connectivity of the Pineville Distribution Center, describing it as an ideal addition to their portfolio in the rapidly expanding industrial market.
Shoreline Capital's co-founder, Ian Shorkey, echoed this sentiment, noting the project's prime attributes that will provide a unique and competitive edge for potential tenants. With a vibrant Charlotte industrial market fueled by a continuous influx of new residents and the increasing growth of e-commerce, the facility is expected to thrive. Recent market assessments reveal a strong preference for modern Class-A industrial spaces, with stable absorption rates and diminishing vacancy levels as supply and demand begin to realign in a competitive landscape.
The Pineville submarket is particularly coveted among industrial operators seeking modern facilities with robust connectivity to key transportation routes and the expansive Charlotte metropolitan area. To ensure optimal marketing and leasing strategies for the center, ownership has enlisted the expertise of Bradley Dunn and Bill Wood from Trinity Partners.
Regarding the parties involved, Iconic Equities is known for acquiring and managing top-tier industrial real estate. Founded in 2021, the firm has achieved 13 acquisitions to date, alongside six successful exits and partnerships with several institutional capital partners. Shoreline Capital, based in Charlotte, aims to deliver superior returns through carefully managed investments in growth markets, while Overlook Ventures focuses on identifying promising development and acquisition opportunities within select infill locations.
LaSalle Investment Management provides a global reach in real estate investment management, overseeing $86.4 billion in assets and catering to a diverse clientele ranging from institutional investors to private individuals. Their extensive portfolio underscores the confidence placed in developments like the Pineville Distribution Center, which is aligned with their strategy of investing for sustainable future growth.
Overall, as the Pineville Distribution Center moves towards completion, it represents a significant step forward in the industrial landscape of Charlotte, enhancing its capacity to support the ever-evolving needs of logistics and distribution sectors.
The Pineville Distribution Center is strategically situated within an established industrial corridor, offering seamless access to major highways, including I-485 and I-77. This location represents the last undeveloped parcel in the Pineville Industrial Corridor, marking a significant milestone for both the project and the region. Construction began on November 6, with the center expected to be operational by mid to late 2026.
"As the market for high-quality industrial properties surges due to population growth, booming e-commerce, and strengthened local manufacturing, the Pineville Distribution Center is tailored to meet this demand," stated Tim Bishop, CEO and Founder of Iconic Equities. This innovative facility is being designed as a modern warehouse solution that aligns with the needs of today's logistics operations, providing flexibility and superior features essential for contemporary warehouse users.
Benefits of the Pineville Distribution Center include its proximity to existing distribution facilities and well-established logistics networks. Notably, it is located near a vast 525,000-square-foot distribution center currently operated by Campbell Snacks, along with the Carolina Logistics Park, which spans 300 acres and houses several major tenants such as Amazon.com, Bosch Rexroth Corp., and Grainger.
Jeffrey Shuster, President of LaSalle Value Partners, expressed excitement over this partnership, emphasizing the advantageous location and connectivity of the Pineville Distribution Center, describing it as an ideal addition to their portfolio in the rapidly expanding industrial market.
Shoreline Capital's co-founder, Ian Shorkey, echoed this sentiment, noting the project's prime attributes that will provide a unique and competitive edge for potential tenants. With a vibrant Charlotte industrial market fueled by a continuous influx of new residents and the increasing growth of e-commerce, the facility is expected to thrive. Recent market assessments reveal a strong preference for modern Class-A industrial spaces, with stable absorption rates and diminishing vacancy levels as supply and demand begin to realign in a competitive landscape.
The Pineville submarket is particularly coveted among industrial operators seeking modern facilities with robust connectivity to key transportation routes and the expansive Charlotte metropolitan area. To ensure optimal marketing and leasing strategies for the center, ownership has enlisted the expertise of Bradley Dunn and Bill Wood from Trinity Partners.
Regarding the parties involved, Iconic Equities is known for acquiring and managing top-tier industrial real estate. Founded in 2021, the firm has achieved 13 acquisitions to date, alongside six successful exits and partnerships with several institutional capital partners. Shoreline Capital, based in Charlotte, aims to deliver superior returns through carefully managed investments in growth markets, while Overlook Ventures focuses on identifying promising development and acquisition opportunities within select infill locations.
LaSalle Investment Management provides a global reach in real estate investment management, overseeing $86.4 billion in assets and catering to a diverse clientele ranging from institutional investors to private individuals. Their extensive portfolio underscores the confidence placed in developments like the Pineville Distribution Center, which is aligned with their strategy of investing for sustainable future growth.
Overall, as the Pineville Distribution Center moves towards completion, it represents a significant step forward in the industrial landscape of Charlotte, enhancing its capacity to support the ever-evolving needs of logistics and distribution sectors.
Topics General Business）
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