Two New Charlotte Projects Reflect Market Growth and Developer’s Strength
Strategic Capital Partners, LLC Announces Two New Industrial Projects in the Charlotte MSA
June 26, 2025 – Charlotte – Indianapolis-based Strategic Capital Partners, LLC (“SCP”) is pleased to announce its continued development in the Charlotte market in a new joint venture with New Jersey-based PGIM Real Estate: 77 Beltway Building B in the Huntersville submarket and Metro Air Business Park Buildings 1 and 2 in the Charlotte airport submarket. These three buildings will be in addition to the fifteen buildings SCP has previously developed in the Carolinas, totaling more than 4.4 million square feet and more than $656 million in development value.
77 Beltway is an assemblage of eight parcels and is in Huntersville between Alexandriana and Hambright Roads along I-77 just north of the I-485 and I-77 interchange. This excellent infill location has convenient access to the greater Charlotte area. The 208,918-square foot Building B is the final building of a three-building business park containing over 1 million square feet and has a targeted completion date in the second quarter of 2026.
Metro Air Business Park is on Walkers Ferry Road just west of Charlotte Douglas International Airport (CLT). SCP purchased four parcels totaling thirty acres in 2024. Buildings 1 and 2 will be 113,800 and 202,500 square feet, respectively, with a target completion date in the third quarter of 2026.
“These three buildings totaling 525,218 square feet are centrally located infill properties in the airport and north submarkets with excellent access to I-485, I-77 and I-85. We believe these locations will be even more attractive in the long term.”
The development team for both properties includes Design & Construction Insight, LLC (DCI) as construction manager, Charlotte-based Paul Woody as project architect, and the Colliers Charlotte team of Lawrence Shaw and Justin Smith as leasing agents. Evans General Contractors will serve as the general contractor for 77 Beltway, and Alston Construction is the general contractor for Metro Air Business Park. Kimley-Horn is providing project engineering for both projects, and First Horizon Bank is the construction loan lender for both projects.
ABOUT PGIM REAL ESTATE
PGIM Real Estate is the world’s third-largest real estate investment manager, with $210 billion in gross assets under management and administration,1and real estate professionals located in 30+ cities worldwide. Built on our belief that strong performance is fueled by dynamic expertise, our global network of on-the-ground specialists is dedicated to opportunity creation, optimization, and timely capital deployment amid shifting market conditions. Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect. PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). For more information, visit pgimrealestate.com.
1As of March 31, 2025. Net AUM is $136 billion and AUA is $47 billion. PGIM Real Estate is the third-largest real estate investment manager (out of 72 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments’ “Largest Real Estate Investment Managers” list published October 2024.