Trammell Crow Company Announces Plans for 755,928-SF Spec Industrial Development Outside of Charlotte
Metro63 is Ideally Situated Immediately Off I-85 at a Newly Improved Interchange and 25 Miles Northeast of Uptown Charlotte
July 19, 2021
Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors that recently opened a North Carolina office, has announced plans for Metro63 Logistics Center, a new 755,928-square-foot Class A speculative industrial development outside of Charlotte, N.C. Situated on a 94-acre site in the North I-85 corridor at exit 63 in Kannapolis, N.C., Metro63 will provide users direct access to the Metropolitan Charlotte area and to more than 36 million people within 300 miles. Construction is slated to begin in July 2021, with delivery scheduled for August 2022.
Located at 5700 Royce Street, the cross-dock facility will feature state-of-the-art specifications targeted by a wide variety of logistics users, including 40’ clear height, an 8” reinforced floor slab, 580’ building depth with 65’ speed bays, ESFR fire protection, full site circulation with multiple points of property ingress and egress, 190’ truck courts, 172 trailer drops, 490 auto parking spaces, and 10 acres of auxiliary parking for additional trailer and/or auto parking. The project’s general contractor is Samet Corporation. Construction lending is being provided by Cadence Bank in Atlanta.
“While TCC develops several product types across its logistics platform, we particularly noted demand indicators for large cross-dock facilities, like Metro63, that serve both the local Charlotte and regional populations, including the Triad, the Triangle, Wilmington, Asheville, and Richmond, Va.,” said Woody Coley, Senior Vice President for TCC. Coley is leading the firm’s industrial and office development efforts in North Carolina. “We could not have advanced our progress on Metro63 without great collaboration with the City of Kannapolis, Cabarrus County, and a local team including Avison Young, OAK Engineering, Samet Corporation, Merriman Schmitt Architects, Nexsen-Pruet, and other local consultants.”
Metro63 is located less than half a mile from I-85, 25 miles Northeast of uptown Charlotte. The site is within a 35-minute drive of the Charlotte Douglas International Airport.
Sink Kimmell of Selwyn Property Group represented the sellers and Henry Lobb of Avison Young represented TCC. Henry Lobb and Tom Tropeano of Avison Young are handling leasing for the project. For more information, visit www.metro63logisticscenter.com.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.