X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHARLOTTE, NC-Liberty Property Trust has signed a long-term lease with Dade Paper and Bag Co. at its Boulders distribution center in suburban Whitsett. The company will move into its new 75,800-sf space in September.

“Dade Paper will be an excellent addition to our park,” Massie Flippin, Liberty vice president and city manager in Charlotte, stated in a release. The company will be a tenant in the 303,200-sf Boulder II building at 6530 Judge Adams Rd. and was represented by CB Richard Ellis in negotiating the lease.

Miami-based Dade Paper is a leading paper products distributor serving the US, Puerto Rico and the Caribbean. The company has nearly 1,000 employees at eight distribution centers and a dozen sales offices.

The Boulders is located near the Eastern Painter Boulevard loop near Interstates 40 and 85 in Rock Creek Park. Liberty says the three-building complex, which also includes the Boulder I and Berkshire buildings, is currently 87% leased.

Malvern, PA-based Liberty Property Trust has a total office and industrial portfolio of 75 million sf in 20 metropolitan markets. In the Southeast, it owns more than five million sf in Charlotte and High Point, NC, and Greenville, SC, plus numerous buildings and business parks in Florida.

The REIT was recognized earlier this summer as Developer of the Year by the National Association of Industrial and Office Properties. The award will be formally presented at NAIOP’s annual conference Oct. 22 in Las Vegas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.