KBS Successfully Divests Crossroads Distribution Center to Link Logistics
Deal News | May 06, 2025 | KBS Realty Advisors Inc
KBS Realty Advisors Inc., a prominent player in the commercial real estate sector, has completed the sale of the Crossroads Distribution Center in Charlotte, North Carolina. The property, a four-building industrial asset covering 496,723 square feet and 100% leased to 13 tenants, was acquired by Link Logistics, a major operator in logistics real estate. The transaction highlights the continued investor interest in the Charlotte metro area due to its strategic location, robust manufacturing sector, and pro-business environment. The city's strong demographics and economic resilience are attracting companies and talent, further boosting its real estate appeal. This deal is part of KBS's strategy to strengthen its portfolio's liquidity and long-term strength while Link Logistics aims to enhance its presence in a critical logistics hub. The transaction was represented by Cushman & Wakefield, with legal support from Greenberg Traurig, LLP.
Sectors
- Real Estate
- Logistics
- Private Equity
Geography
- United States – The transaction takes place in Charlotte, North Carolina, within the United States.
- North Carolina – The Crossroads Distribution Center is located in Charlotte, a key city in North Carolina, where the transaction occurs.
Industry
- Real Estate – The article revolves around the sale of a commercial real estate property, highlighting transaction details and market conditions.
- Logistics – The buyer, Link Logistics, operates in logistics real estate, aiming to enhance its asset portfolio for last-mile delivery services.
- Private Equity – KBS is a private equity firm involved in real estate investment, and its role in the transaction aligns with private equity activities.
Financials
- $3.5 million – Amount DetraPel plans to invest in relocating its headquarters and manufacturing operations to Charlotte, indicating economic activity in the area.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| KBS Realty Advisors Inc. | Selling Company | Company | A private equity real estate company and one of the largest investors in commercial real estate in the U.S. |
| Link Logistics | Buying Company | Company | A leading operator of last-mile logistics real estate. |
| Marc DeLuca | CEO and Regional President, Eastern U.S. | Person | CEO of KBS overseeing operations and strategy in the Eastern U.S. |
| Allen Aldridge | SVP and Co-Director of Asset Management | Person | Asset Manager of Crossroads Distribution Center at KBS. |
| Cushman & Wakefield | Corporate Finance | Company | Represented KBS in the transaction, providing brokerage and advisory services. |
| Greenberg Traurig, LLP | Legal Advisor | Company | Provided legal counsel to KBS during the sale of the property. |