CHARLOTTE, N.C. (February 5, 2025) – SJP Properties, a leading eastern seaboard commercial real estate developer, is expanding its industrial investments in the greater southeast with the development of Grace Logistics Center in Salisbury, 40 miles north of Charlotte. At the 34.15-acre site along Grace Church Road, SJP will develop a 293,918-square-foot high performance Class A distribution and warehouse center with industrial showroom space. The property is SJP’s second industrial development in the southeast; SJP developed the seven-million-square-foot Georgia International Commerce Centre near the Port of Savannah in 2023.

Charlotte is one of the Top 20 fastest-growing cities in the U.S., with a population that increases by 107 residents per day. It is a key transportation hub in the south, within a four-hour drive of other popular destinations such as Charleston, Hilton Head, and Myrtle Beach in South Carolina, as well as Knoxville, Tennessee and Savannah, Georgia. The Charlotte region has emerged as one of the strongest industrial sectors in the nation as the home of more than 3,000 manufacturers. Its warehouse sector is underserved with a consistently low vacancy rate.

Grace Logistics Center benefits from excellent highway access via Interstate 85 (which crosses the entire state) and Highway 29. SJP will offer tenants extensive signage rights with clear highway visibility, a coveted amenity for branding. The property will feature a 74,000-square-foot lot for trailer parking, 49 dock doors and six motorized 12’ x 14’ drive-in doors with 36-foot clearances. The building is divisible for multi-tenancy or can be dedicated to one tenant. Completion is anticipated for fall 2025.

“SJP is bullish on Charlotte and the greater southeast as the region offers some of the best industrial fundamentals and transportation infrastructure, along with a growing population to fuel demand for many years ahead,” said Alexander Erdos, Senior Vice President – Leasing & Development. “Grace Logistics Center will elevate the quality of industrial inventory available and entice e-commerce distributors in particular as their need for prime warehouse and showroom space continues to escalate.”

The Cushman & Wakefield Charlotte Industrial Services Team of Fermin Deoca, Executive Managing Director, Matt Treble, Executive Managing Director, and Frances Crisler, Director, is serving as exclusive leasing agent. “This property is a unique asset ideally located along the Interstate 85 corridor,” said Mr. Treble.  “In a market known for catering to bulk tenants, Grace Logistics Center will appeal to large and small tenants alike. The property will be especially attractive to businesses in this part of the Charlotte market that do not currently have access to premium quality warehouse space.”

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial, residential, and industrial real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant buildouts. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand. Following successful industrial buildouts in the Tri-state area, SJP is expanding its warehousing portfolio across the Eastern Seaboard, most recently with an approximately seven-million-square-foot industrial development strategically located near the Port of Savannah.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.