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4/26/2006 |
Economic Development |
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Binswanger Sells Anderson-Cook's Former KM Property |
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CHARLOTTE – April 18, 2006 – Binswanger is pleased to announce the recent sale of Anderson-Cook’s 50,000 square foot facility and 7.0 acres located in the Cleveland County Industrial Park, Kings Mountain, NC to The Keith Corporation.
The Keith Corporation is actively engaged in the development of business parks and industrial build-to-suit and speculative properties in the Charlotte region. Alan Lewis, Industrial Development Partner with The Keith Corporation commented, “This is one of the finest manufacturing facilities of its size in the Carolinas. The acquisition fits our strategy of developing and owning quality, industrial properties in established industrial parks throughout the Charlotte region.” The Keith Corporation is offering the facility for lease and will expand the facility to as much as 120,000 sq. ft. for a tenant.
"Cleveland County is very pleased to see one of the Charlotte Region's top developers buy this excellent facility that is available for immediate occupancy and to make a financial investment in Cleveland County” said Cleveland County Chamber President Stuart C. Gilbert, CEcD. Our Cleveland 20 20 Economic Development Partnership is pleased to be working closely with the Keith Corporation to add more jobs and investments in Cleveland County. We look forward to supporting the Keith Corporation in getting this facility leased as soon as possible!.”
Located at 212 Commerce Boulevard, this never occupied, newly constructed, fully air-conditioned facility features 6” reinforced concrete floors; insulated pre-cast concrete panel walls; ceiling heights to 24’6” clear; all utilities; 100% wet sprinkler system; 3,000 square feet of modern office space; compressed air grid with two air compressors, three runs of 600 amp bus duct, and multiple truck docks.
The seller, Anderson-Cook, was founded in 1971 and is a world leader in the production of spline rolling machines and tools and provide unsurpassed quality products and services to domestic and international automotive and powertrain manufacturers.
Headquartered in Charlotte, NC, The Keith Corporation specializes in build-to-suit and business park development, property management, and real estate investments across the United States. Over the last ten years, The Keith Corporation has completed approximately 100 projects totaling over $800,000,000 in project cost. These projects encompassed office, industrial, and retail build-to-suit development, acquisitions, and speculative development in NC, FL, SC, PA, NJ, UT, TX, GA, TN, VA, MD, and DE.
Headquartered in Philadelphia, PA, Binswanger is an international, full-service real estate organization with over 160 offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, and Asia.
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