Institutional-Quality Light Industrial Campus in Charlotte Area Expands Firm’s Presence in Leading Southeast Logistics and Business Markets
BOSTON and CONCORD, N.C., Oct. 6, 2026 /PRNewswire/ — Rockpoint, a Boston-based real estate private equity firm, and Rockpoint Industrial, an operating partner exclusive to Rockpoint, today announced the acquisition of Springs Business Park, a 119,700-square-foot, four-building industrial park in Concord, North Carolina. Rockhill, Rockpoint’s property services affiliate, will manage and operate the property. Financial terms of the transaction were not disclosed.
The Springs Business Park’s fully leased buildings range from 23,000 to 46,800 square feet and house 15 tenants. The four buildings span two sites in Charlotte’s Cabarrus County submarket totaling 11 acres and separated by a public right-of-way. The site is located 1.6 miles from I-85, five miles from the I-85 and I-485 interchange, and a 30-minute drive to Uptown Charlotte, providing access to the top 25 U.S. metropolitan market with 2.9 million residents.
Developed in two phases from 2022 to 2024, the property consists of purpose-built shallow-bay light industrial buildings. The buildings feature a mix of depths, clear heights, and loading access, including both drive-in and dock-high loading, offering the flexibility to serve a wide variety of tenants and configurations.
“This acquisition supports Rockpoint’s conviction that well-located industrial assets can create attractive long-term investment opportunities,” said Fred Borges, a Senior Managing Director at Rockpoint. “We believe that the stable tenant base at Springs Business Park demonstrates the value of industrial assets in a growth market like the greater Charlotte area and enables Rockpoint to achieve greater market-level scale, supplementing our existing industrial assets across North Carolina.”
“Properties like Springs Business Park offer flexibility to serve a diverse tenant base, making them more resilient through market cycles,” said Ben Harris, Head of Rockpoint Industrial. “We believe that Charlotte’s strong economy and strategic East Coast location, with access to interstate highways, rail, and airports, position this property for long-term value.”
Rockpoint has invested in more than 18 million square feet of industrial space since 2020, including light industrial totaling nearly 10 million square feet. Rockpoint’s recent acquisitions include Richmond Trade Center and Eastport Industrial Park in Richmond, Virginia; One Park Center in Durham, North Carolina; and a six-building industrial portfolio in the Raleigh and Charlotte markets.
About Rockpoint
Rockpoint is a real estate private equity firm that employs a fundamental value approach to investing, targeting select product types and markets throughout the United States. The firm applies a consistent and disciplined investment approach across its investment programs, which span distinct return profiles. Rockpoint continually assesses market opportunities and evaluates potential investments relative to intrinsic value, replacement cost, and cash flow, targeting investments that Rockpoint believes are inefficiently priced or misunderstood by the broader market. Rockpoint proactively pursues opportunities that exhibit strong value potential that can be realized through impactful asset management. Since 1994, the firm’s co-founders with others have sponsored 19 investment vehicles and related co-investment vehicles through Rockpoint and a predecessor firm and have invested or committed to invest in 523 transactions with a total peak capitalization of approximately $84 billion. To learn more, visit www.rockpoint.com.
About Rockpoint Industrial
Rockpoint Industrial is an operating partner exclusive to Rockpoint for the acquisition, development, and operation of high-quality industrial facilities in primary and growth markets across the United States. The Rockpoint Industrial team works seamlessly with the Rockpoint and Rockhill teams, assisting them with the acquisition and management of industrial investments in target markets. Rockpoint has invested in more than 18 million square feet of industrial space since 2020.
About Rockhill Management
Rockhill Management, L.L.C. (“Rockhill”), an affiliate of Rockpoint, is a dedicated property services company that serves commercial and residential properties in select markets throughout the United States. Rockhill employs a responsive, tailored approach to property and relationship management to deliver customized service, premium amenities, and intentional communities across Rockpoint’s portfolio. Rockhill provides property management, oversight of development and construction initiatives, project management, and other services to properties representing approximately 63 million square feet.
Contacts
Erik Carlson / Kate Kelley
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
rockpoint-jf@joelefrank.com
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SOURCE Rockpoint Group, L.L.C.
