News & Media

Carolina Beverage Group Inks Big Lease In Mooresville

By  Collin Huguley – Staff Writer, Charlotte Business Journal

Link Logistics has landed a tenant for a large chunk of its Mooresville industrial park.

Carolina Beverage Group has signed a lease to occupy around 387,200 square feet of space at North Charlotte Commerce Center. The beverage copacking company will occupy the majority of an industrial building of over 723,000 square feet.

The building is the largest at the three-building park, which was developed off Serviceberry Way and Cayuga Drive in the northwestern portion of Mooresville. North Charlotte Commerce Center was developed by Atlanta-based Strategic Real Estate Partners in partnership with Link.

Cushman & Wakefield’s Fermin Deoca and Drew Coholan represented the landlord in the lease deal with Carolina Beverage Group. Cushman’s Eric Ridlehoover and Matt Treble represented the tenant in the transaction.

The tenant, through its leasing agent, declined to comment further on the deal and its intentions for the facility. Carolina Beverage Group has an existing Mooresville facility at 110 Barley Park Lane, according to its website. It is unclear if the new lease is an expansion or relocation. Carolina Beverage Group has other locations in Texas and Minnesota, its website states.

Strategic Real Estate Partners announced its plans in 2022 to develop North Charlotte Commerce Center on Link’s behalf. The project includes three industrial buildings totaling over 900,000 square feet. The two smaller buildings there total approximately 218,000 square feet of industrial space.

Link and Strategic also partnered to develop another industrial project in Charlotte. The group last year delivered Paw Creek Logistics Center, a nearly 113,000-square-foot building at 8748 Mount Holly Road.

Link was formed by Blackstone in 2019. The company focuses on industrial real estate. Link’s portfolio includes more than 3,400 properties and in excess of 520 million square feet of industrial space, according to its website.