Clear Path Asset Management (“Clear Path”), a real estate investment manager founded by Dan Magid, announced today the recent acquisition of the “last mile” industrial property located at 4300 Barringer Drive in Charlotte, North Carolina.
“This well-located property should enjoy the sustained wind at the back of industrial assets, as the COVID-19 pandemic has meaningfully accelerated existing trends favoring e-commerce, logistics, and service-oriented industries,” said Dan Magid. “Our tenants include successful and growing small businesses that not only need shallow bay industrial space, but also want the extraordinary convenience of our location near I-77 and Lower South End’s amenities.”
This transaction marks Clear Path’s second industrial acquisition in Charlotte, and seventh acquisition in the Carolinas.
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About the Recent Acquisition
4300 Barringer Drive is approximately 30k square feet of “last mile” industrial space, in an irreplaceable location with proximity to Charlotte’s Lower South End neighborhood, and I-77.
