Rockpoint Acquires Springs Business Park to Expand Industrial Portfolio
Rockpoint, a Boston-based real estate private equity firm, has acquired Springs Business Park in Concord, North Carolina. The property consists of four fully leased light industrial buildings totaling 119,700 square feet across two sites near Charlotte's Cabarrus County submarket. Located close to major transportation routes like I-85 and within a short drive from Uptown Charlotte, the site serves as an expansion into one of the top U.S. metropolitan markets with over 2.9 million residents. Developed between 2022 and 2024, Springs Business Park features flexible shallow-bay buildings that accommodate diverse tenant needs. The acquisition supports Rockpoint's strategy to invest in well-located industrial assets across growth markets like the Charlotte area. Fred Borges of Rockpoint emphasized how this move enhances their market presence and long-term investment opportunities. Rockpoint has been actively expanding its industrial portfolio, having invested over 18 million square feet since 2020. Recent acquisitions include properties in Richmond (Virginia), Durham (North Carolina), and a six-building portfolio across Raleigh and Charlotte.
Topics: acquisition logistics infrastructure private equity real estate