Tempus Realty Partners Announces Major Industrial Development in North Carolina
Tempus Realty Partners, a prominent player in the real estate sector, has made headlines with its recent acquisition of an extensive 19.82-acre parcel situated in Matthews, North Carolina. This strategic move comes as the company embarks on the development of a sizable 150,000-square-foot warehouse. This facility will be located within the Charlotte metropolitan area, which is recognized as one of the most coveted and constrained industrial markets in the region.
With the acquisition successfully finalized, Tempus Realty has navigated through various essential processes, including zoning, environmental assessments, and entitlement arrangements, which all clear the way for this significant development project. The forthcoming warehouse is designed to offer utmost flexibility, with the ability to be tailored as either a build-to-suit structure for specific tenants or as a speculative industrial development ready for prospective renters.
Clay Ramey, a partner and vice president of capital markets at Tempus Realty Partners, emphasized the unique opportunity this development presents. He stated, "This is a unique opportunity in one of the tightest industrial submarkets in the region. Smaller, more flexible facilities like this are increasingly appealing to tenants who prioritize efficiency and proximity." Ramey further expressed excitement about bringing a modern warehouse facility to the Charlotte metro area, noting the project’s significance given the region's industrial demand.
Tempus Realty Partners has a strong vision for growth as they expand their industrial portfolio across key markets. Focusing on strategic acquisitions and developments, their goal is to create long-term value for both investors and end-users. The company is known for its operation strategy that targets unique commercial real estate prospects designed to offer superior risk-adjusted returns. Since its inception in 2016, Tempus Realty has successfully acquired properties valuing over $1 billion across 25 states.
In conclusion, the development of this new industrial facility in Matthews marks a significant step for Tempus Realty Partners as they continue to capitalize on the growing need for industrial space in the Charlotte MSA. The investment not only illustrates the company's commitment to expanding its portfolio but also reflects the increasing demand for efficient and strategically-located industrial spaces within one of the most active markets in the southern United States.
With the acquisition successfully finalized, Tempus Realty has navigated through various essential processes, including zoning, environmental assessments, and entitlement arrangements, which all clear the way for this significant development project. The forthcoming warehouse is designed to offer utmost flexibility, with the ability to be tailored as either a build-to-suit structure for specific tenants or as a speculative industrial development ready for prospective renters.
Clay Ramey, a partner and vice president of capital markets at Tempus Realty Partners, emphasized the unique opportunity this development presents. He stated, "This is a unique opportunity in one of the tightest industrial submarkets in the region. Smaller, more flexible facilities like this are increasingly appealing to tenants who prioritize efficiency and proximity." Ramey further expressed excitement about bringing a modern warehouse facility to the Charlotte metro area, noting the project’s significance given the region's industrial demand.
Tempus Realty Partners has a strong vision for growth as they expand their industrial portfolio across key markets. Focusing on strategic acquisitions and developments, their goal is to create long-term value for both investors and end-users. The company is known for its operation strategy that targets unique commercial real estate prospects designed to offer superior risk-adjusted returns. Since its inception in 2016, Tempus Realty has successfully acquired properties valuing over $1 billion across 25 states.
In conclusion, the development of this new industrial facility in Matthews marks a significant step for Tempus Realty Partners as they continue to capitalize on the growing need for industrial space in the Charlotte MSA. The investment not only illustrates the company's commitment to expanding its portfolio but also reflects the increasing demand for efficient and strategically-located industrial spaces within one of the most active markets in the southern United States.
Topics General Business）
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