Greenleaf Capital Buys Charlotte Flex Property
The 64,198-square-foot Forest Park IV facility sold for $11 million and is currently at full occupancy.
Updated on Oct. 22, 2026 in Commercial
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Greenleaf Capital has purchased the Forest Park IV flex property in Charlotte for $11 million. The 64,198-square-foot building is currently fully occupied by three tenants.
Why it matters
The sale reflects continued investor interest in converted office-to-flex spaces within Charlotte's industrial submarkets. This property remains a fixture in the local commercial landscape due to its proximity to the airport.
Located at 600 Forest Point Circle, the 7.28-acre site includes parking for 360 vehicles and building specs of 16-foot clear heights. The property reached 100% occupancy at the time of sale with tenants including Flexential, Tranzact, and Preferred Electric Company, Inc.
The players
Greenleaf Capital
An investment firm that is actively acquiring flex and office properties across the Southeast.
CBRE
A global real estate services firm that represented the seller during the Forest Park IV transaction.
CB Equities
The investment entity that acted as the seller for the Forest Park IV business property.
The details
The facility was originally delivered in 1999 and has since been converted from traditional office use to flex space. This configuration provides a blend of office and industrial utility, featuring three dock-high doors and one drive-in door to accommodate modern logistics and operational needs.
Timeline
The building was originally delivered in 1999.
CBRE announced the sale of the property on October 22, 2026.
The Home Front
This transaction highlights the ongoing repositioning of late-1990s office stock into flexible industrial spaces. It signals a shift in Charlotte’s commercial market where warehouse and flex accessibility near major transport hubs like the airport drive property value.
Nearby business park residents should note that high-occupancy commercial properties like Forest Park IV often sustain consistent traffic levels. Property owners in the area can monitor these industrial investment trends to gauge potential impacts on local zoning and commercial tax assessments.
The takeaway
The sale of this flex property underscores the sustained demand for industrial-office hybrids in Charlotte’s Airport submarket. Investors and local stakeholders should continue tracking commercial permit filings, as these shifts often precede further utility and road infrastructure updates.
Further reading
For broader insights on area development, visit the Charlotte Commercial section.
Source note: This article includes information reported by Mecklenburg Times.
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