Development

Major industrial park proposed for Steele Creek

Steele Creek Commerce Park, operated by EastGroup close to their planned new development.
Steele Creek Commerce Park, operated by EastGroup close to their planned new development.

A Mississippi-based real estate company is proposing a major new industrial park in Steele Creek, which would bring up to 525,000 square feet of industrial, warehouse and office space.

The 49-acre site is located between Sandy Porter and Gable roads, bounded on the south by I-485 and on the north by Shopton Road. The rezoning request would cover a wooded and vacant area, wrapping around St. Joseph Vietnamese Catholic Church. The land is currently zoned for a residential subdivision, and the proposed zoning would be industrial.

EastGroup Properties, the developer, already operates a 250,000 square-foot industrial park and distribution center next door, Steele Creek Commerce Park, at the corner of Steele Creek and Shopton roads. The company, a real estate investment trust that specializes in developing and managing industrial properties, operates 10 such properties total in Charlotte.

Here’s a quick EastGroup primer: “The Company’s strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup’s portfolio, including development projects in lease-up and under construction, includes over 36 million square feet.”

The plan is up for a rezoning hearing in front of Charlotte City Council in January.

Ely Portillo: 704-358-5041, @ESPortillo

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