Commercial real estate developer Beacon Partners said Monday that it has signed the first lease for Metrolina Park, the 1.2 million-square-foot manufacturing and logistics park it’s building at the former Metrolina Expo site.
Bonded Logistics, a Charlotte-based transportation and logistics company, will become the park’s anchor tenant by leasing 371,895 square feet in Building 2 at 5224 Gibbon Road, Beacon said.
Charlotte-based Beacon bought the 95-acre site along Statesville Road in June for $11 million. It’s scheduled to open in the first half of next year.
“Metrolina Park provides a once-in-a-lifetime opportunity to develop this state-of-the-art industrial park,” said Tim Robertson, director of industrial leasing at Beacon Partners. “That a company of the caliber of Bonded Logistics has made such a significant commitment demonstrates the intrinsic quality and value that Metrolina Park offers.”
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Beacon Partners is currently building two of the planned speculative buildings at the park. Beacon also owns three existing buildings on Statesville Road, creating an industrial park of about 2 million square feet when the speculative buildings are taken into account.