Dealmaker: Colliers Arranges $62M Sale of North Carolina Industrial Campus

(Image courtesy of Colliers)

Colliers, Toronto, facilitated the $61.8 million sale of a manufacturing and warehouse campus in Roxboro, N.C.

Colliers Executive Vice Presidents Jimmy Ullrich and Ryan Vaught, along with Senior Associate Michael Macchia and Associate Riley Vaught, facilitated the transaction, representing the sellers, Weston and Blue Vista Capital Management.

Colliers Managing Director Chuck Salley, Senior Vice President Andrew Young, and Executive Vice Presidents Hunter Willard and Larry Laiken also played key roles in assisting with the transaction. 

It was sold to a private buyer, Carolina Logistics Center, an affiliated entity of Tratt Properties.

The site is a manufacturing facility and distribution center for POLYWOOD, a sustainable outdoor furniture company. It features 930,250 square feet and two buildings.

“With Weston, Blue Vista Capital Management, LLC and POLYWOOD collaborating directly together on a shared vision, they were able to successfully complete a 500,000-sq.-ft, build-to-suit development that expanded the facility’s operations and capacity in Roxboro,” said Ullrich.