Charlotte, NC (January 2008) – AJ&R Partners, LLC has purchased a 2.31-acre site (sales price $184,800) at Old Hickory Business Park, a Crosland project developed by Merrifield Partners. The location will be the site of Piedmont Instrument and Controls, Inc., a distributor of process valves, instrumentation, analytical instruments, calibration equipment and related services to the manufacturing industry.
The 225-acre business park is located on Indian Trail-Fairview Road in Indian Trail, Union County, NC. Jon Jarrett of Merrifield Partners represented the seller in this transaction. Mark Wright of Walt Perry Realty represented the buyer.
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.
Founded in 1937, Crosland is one of the Southeast’s leading diversified real estate companies. Its expertise in retail, multifamily, office, land development and general contracting enables it to be an innovator in multi- and mixed-use development.
Headquartered in Charlotte, N.C., Crosland has offices in Raleigh, Orlando, Tampa and Nashville, and develops, builds and manages properties in the Carolinas, Florida, Tennessee and Virginia. The privately held company’s current portfolio has a market value exceeding $1 billion. For more detail, www.crosland.com.