Link Logistics has acquired a fully occupied 559,750-square-foot distribution property in the Charlotte market for a reported $57.2 million, adding an income-producing warehouse to an industrial portfolio already approaching 10 million square feet in the region.
The property, Jamesburg @ I-77, is at 12801 Jamesburg Drive in Huntersville, North Carolina. Link confirmed the acquisition and 100% occupancy but did not disclose the purchase price, seller or tenants.
Charlotte Business Journal identified Prologis as the seller and reported the $57.2 million transaction value. Based on the building area disclosed by Link, that equates to approximately $102 per square foot.
Unlike a speculative acquisition requiring lease-up, Jamesburg changes ownership with the entire building already occupied.
Cushman & Wakefield marketing materials prepared for the sale identify two tenants: Aaron’s and third-party logistics provider Corsan Logistics.
Corsan accounts for a substantial portion of that occupancy. The 3PL leased 335,812 square feet at the property in 2025, according to Trinity Partners, which represented Corsan in the transaction. The company took the space to consolidate operations from multiple regional locations into one facility and sought proximity to a key Charlotte-area customer.
Prologis was identified as the landlord when that lease was announced.
Cushman & Wakefield’s investment memorandum identifies Aaron’s as the property’s other tenant and says it had occupied space there since 2011. The marketing document reported a weighted average lease term of five years when the property was offered for sale, although that figure should not be treated as the remaining lease term at closing.
The memorandum also provides more detail on the physical asset than Link disclosed in its acquisition announcement.
Jamesburg sits on approximately 61 acres and has a 27-foot clear height, 65 dock-high doors and four drive-in doors, according to Cushman & Wakefield. The property has 182 trailer spaces, with the marketing material identifying capacity for expansion to 266.
Those specifications, combined with Corsan’s substantial footprint, give the property an operating profile firmly tied to distribution and logistics rather than simply industrial investment.
Link has not disclosed any plans to redevelop or expand the property.
The acquisition instead adds an already stabilized large-format asset to its existing Charlotte platform. Link says it owns and operates approximately 10 million square feet of industrial real estate across the market.
Jamesburg’s location in Huntersville gives it access to I-77, while Link also highlights proximity to I-485, I-85 and I-40 for distribution across Charlotte and into wider Southeast and Mid-Atlantic markets.
Independent market data provide some support for Link’s interest in large industrial assets in the region, although the company’s description of Charlotte as supply-constrained requires qualification.
CBRE recorded Charlotte industrial vacancy of 7.1% during the second quarter of 2026, down 10 basis points from the previous quarter. Net absorption reached 1.3 million square feet, while leasing exceeded 4 million square feet for a second consecutive quarter.
The market also had 5.4 million square feet under construction.
More relevant to Jamesburg’s scale, CBRE said limited availability of industrial blocks larger than 500,000 square feet was constraining some large occupiers.
Jamesburg exceeds that threshold at 559,750 square feet, but it should not be considered an available 560,000-square-foot block: the property is fully leased and divided between two tenants.
That combination of scale and existing occupancy helps define the investment profile Link acquired. It gains exposure to a building within a size category where CBRE reports limited available supply without assuming immediate vacancy risk across the asset.
The financial economics are less visible.
Link has not disclosed the acquisition cap rate, net operating income, financing structure, tenant rents or its expected return. Current tenant-by-tenant lease expiration dates are also unavailable.
The deal comes amid other Link activity in Charlotte. Independent reporting said the company sold two properties in the market for a combined $87.3 million shortly before the Jamesburg acquisition.
There is no evidence that those dispositions financed the Huntersville purchase, but the transactions show Link both buying and selling industrial assets within a market where it already has substantial exposure.
For Jamesburg itself, the most recent major operational change preceded the sale: Corsan’s 335,812-square-foot lease consolidated several of the 3PL’s regional operations into the building.
Link is therefore acquiring more than a fully leased industrial investment. It is taking ownership of a large distribution property where a major portion of the space has recently been repositioned around a consolidated 3PL operation.
With Charlotte continuing to record positive absorption and limited availability of the largest warehouse blocks, Jamesburg adds scale and existing tenancy to Link’s regional portfolio. Whether the reported $57.2 million acquisition produces the returns Link is targeting cannot be assessed without the rents, cap rate and remaining lease terms the buyer has kept private.