Charlotte, NC (September, 2005) – Hester 8, LLC has purchased a 4-acre parcel at Crosland’s Caldwell Business Park (sales price $240,000). The site will be the location of a North Carolina State Bureau of Investigation field office.
Caldwell Business Park is a 50-acre mixed-use center developed by Crosland at Caldwell Road and NC 49 in Harrisburg, NC. Jon Jarrett of Merrifield Partners represented Crosland and Carson Martin of Percival McGuire represented the Buyer in this transaction.
About Merrifield Partners
Merrifield Partners, an affiliate of Crosland, is one of Charlotte’s leading office and industrial development and brokerage firms. Operating as Crosland Commercial for many years, Merrifield Partners developed a portfolio of over 2,500 acres of land and 2.5 million square feet of commercial space. For more information, visit www.merrifieldpartners.com.
Crosland Inc. is recognized as one of the Southeast’s leading, privately held, diversified real estate companies and is active in retail, office, industrial, multi-family residential real estate, land development, and general contracting. The company’s breadth of product expertise has enabled it to be a leader in multi- and mixed-use developments.
Founded in 1937, the company has since developed, built or managed more than 25,000 multi-family residential units, over 13,500 single-family homes, 45 retail centers, 40 commercial buildings, more than 2,500 acres of commercial property, and 120 residential communities in the Carolinas, Georgia and Tennessee.
Headquartered in Charlotte, N.C., Crosland has offices in Raleigh, Orlando and Tampa and also operates in Durham, Chapel Hill, Greensboro, Winston-Salem, and Asheville, as well as in Greenville and Hilton Head, S.C., Hot Springs, Va., and Nashville, Tenn. Its current portfolio, representing existing projects and those under development, has a market value exceeding $1 billion. For more information, visit www.crosland.com.