CBRE TO MARKET 500-ACRE MIXED-USE DEVELOPMENT WITH INDUSTRIAL PARK IN CONOVER
29 Jul 2020
Land is ideal for retail, office, hospitality, multifamily, residential and industrial park projects
Charlotte, N.C. – July 29, 2020 – CBRE has been appointed to market Hunsucker Crossing, a 500-acre mixed-use development with a 265-acre industrial park and exceptional frontage on Interstate 40 in Conover, N.C. Hunsucker Crossing is situated on Interstate 40 located in between the Rock Barn and North Oxford Street exits. The property is currently owned by a local family who used the land for farming. The property’s potential land uses includes retail, hospitality, office, multifamily, residential, and industrial park projects.
“We are excited to expand our presence in the Conover area and market this exceptional land. Potential developers and investors will be impressed by the property’s premiere location, unlimited possible uses, and the community’s strong labor force to create an excellent mixed-use development,” said Katherine Southard, senior associate at CBRE in Charlotte.
Located within an hour of the Charlotte metro area, the property features close access to several major interstates including 40, 321, 77, and 85. The land is also situated next to the premiere Rock Barn Country Club and in close proximity to the Manufacturing Solutions Center.
According to CBRE Research, vibrant economic expansion, exploding population growth, solid leasing dynamics and strong investment returns have combined to make Charlotte a strong business hub in the Southeast. Thanks to a combination of affordability and high quality of life, Charlotte’s population has grown by more than 350,000 since 2010 and places it among the fastest growing metros.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.