Walmart acquires huge industrial building in Iredell County for $69 million


IREDELL COUNTY, N.C. — Another major industrial deal in the Charlotte region has closed, this time with a big-name retailer securing a significant amount of space for its operations.

Walmart Fulfillment Services LLC bought Troutman Industrial Park, a 1 million-square-foot industrial shell building, for $69 million, according to Iredell County real estate records. The building sits on a 158.3-acre lot at 386 Murdock Road and was developed by longtime developer Kathy Godley. The deed for the sale was recorded on Tuesday.

JLL’s Matthew Greer and Brad Cherry brokered the deal on behalf of Godley. Ed Lampitt and Matt Treble from Cushman & Wakefield represented Walmart.

Troutman Industrial Park is among the largest industrial buildings in the Charlotte region. The sale to a single user is a continuation of emerging trends in the Charlotte industrial real estate market, where larger buildings are becoming increasingly more popular.

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