HFF announces the sale of an approximately 8.33-acre land parcel to Max Daetwyler Corporation within The Park – Huntersville (The Park), the premier master-planned business development campus in the North Charlotte and Lake Norman area community of Huntersville, North Carolina.
The HFF team marketed the parcel on behalf of Bank of America, N.A., as Trustee for the Bank of America Pension Plan (Plan), and Max Daetwyler Corporation, a long-time investor and resident of The Park, purchased the asset, which lies adjacent to the existing Daetwyler North America Headquarters facilities and has been acquired to meet the company’s future expansion needs.
HFF also arranged the sale of an approximately 10.93-acre land parcel on behalf of the Plan to an undisclosed buyer. These two transactions represent the sixth and seventh significant land parcel sales brokered by HFF within The Park since spring of 2017 for a total of about 67.53 acres to date. Other parcels are currently being marketed, with a few remaining sites available from two to 28 acres in size.
The Park – Huntersville is a mixed-use development of approximately 674 total acres in size with more than 2.6 million square feet of assets currently in place including 1.46 million square feet of office/flex space, 949,000 square feet of industrial, 125,000 square feet of retail, 560 apartment units and an estimated 6,000 daily employees in diverse industries such as healthcare, logistics and distribution, financial services, engineering and racing. Notable employers within The Park – Huntersville include Novant Health, Forbo Siegling, Joe Gibbs Racing, Max Daetwyler Corporation, American Tire Distributors, Stanley Black and Decker, Kellogg and Ensemble Health Partners. Located immediately off the Gilead Road exit from Interstate 77, the Charlotte region’s critical north-south connector, The Park – Huntersville provides prompt access to Uptown Charlotte, the UNC-Charlotte/University City area and extraordinary executive housing in the sought-after Lake Norman area.
The HFF investment advisory team representing the seller consisted of director Sarah Godwin and senior director Hunter Barron.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina licensed real estate broker.
About Max Daetwyler Corporation
Max Daetwyler Corporation, with its world headquarters in Switzerland, has its US headquarters in The Park – Huntersville since 1990. Daetwyler is a world leading manufacturer of consumables for the printing industry and an industry leader in ink transfer technology. The Huntersville location employs more than 75 people with a variety of capabilities. In addition to the Daetwyler sales and manufacturing activities, the Huntersville facility rents space in its building to over 30 small businesses.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
