CHARLOTTE, NC-Mississipi-based REIT EastGroup Properties expects to break ground this month on two industrial buildings at its new Steele Creek Commerce Park in southwest Charlotte.
The buildings will total 70,000 square feet each with one building being developed on a speculative basis, according to the Charlotte Business Journal. One of the new buildings is a build-to-suit development for Kuehne & Nagel Inc., an existing EastGroup tenant that is expanding.
Jackson, MS-based EastGroup recently purchased 42 acres at the intersection of Steele Creek Road and Interstate 485 for $5.7 million and subsequently gained rezoning approval for the property. The firm intends to build a total of 465,000 square feet at the site. See story in the Charlotte Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
