Last week, Kore Investments acquired the former Hunter Douglas building in Gaston County for $13.5 million, according to county real estate records.
Why it matters: Kore Investments has plans to quickly find a new tenant for the facility.
By the numbers: The building is on a 20-acre site at 201 Southridge Parkway near Exit 13 of Interstate 85.
What's next: Kore Investments is now working with Cushman & Wakefield and Gaston County Economic Development Commission to find a new user for the building.
What they're saying: "The investment decision was driven by our conviction in a resurgence in U.S. manufacturing, particularly in Sun Belt markets like Charlotte, coupled with the scarcity of modern-built, second-generation manufacturing facilities," Thomas Nealon, Kore's Managing Director of Investments, said.
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