CHARLOTTE-The majority of a 639,000-square-foot distribution center in suburban Statesville has been leased to Ozburn-Hessey Logistics, according to Brentwood, TN-based ProVenture. The building is being vacated by comfort-furniture maker La-Z-Boy Inc., which has been there for the past five years.

The building’s owner, New York City-based Lexington Realty Trust, signed a lease with OHL, also based in Brentwood, for 471,000 square feet or 74% of the building space. Jeb Atkinson with ProVenture’s Logistics Practice Group represented OHL in lease negotiations, while Ted Haley of Charlotte-based Lincoln Harris negotiated for the landlord.

“This deal marks thefirst location for OHL’s Contract Logistics division in the Charlotte area,” Atkinson tells GlobeSt.com, adding that the company also has a global freight management and logistics division office locally. ProVenture, which has handled more than 10 million square feet of transactions for OHL over the past year, considered other sites in the Midwest and Mid-Atlantic regions before deciding on the Statesville building.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2023 ALM Global, LLC. All Rights Reserved.