MDH Partners Acquires 90,000 SF Industrial Portfolio in Greensboro, N.C.

MDH Partners today announces the acquisition of three industrial buildings located in Airport Industrial Center totaling 90,000-square-feet in Greensboro, North Carolina. As three stand-alone single tenant buildings, the project is 100% leased to White Cap, OHM International and Kirk & Blum. Joe DeHaven served as the acquisition lead for MDH Partners. NAI Earle Furman represented the seller.

“The Triad market and the entire I-85 corridor in North Carolina continues to be a high growth industrial corridor,” said Joe DeHaven, Senior Managing Director at MDH Partners. “These three buildings have good stand-alone functionality and are located in the Airport submarket, which has experienced tight vacancies and strong rental growth over the past few years. The Triad industrial market will continue to be a target market for us as we expand our Southeastern portfolio.”

Located in the Airport Industrial Center within the Airport submarket of Greensboro, 8717-8735 W Market St. consists of three buildings with clear heights of 21’ feet, good loading functionality, and adequate auto parking. The project is located less than one mile west of an access point to U.S Highway 68 and less than two miles north of I-40 and is also a five-minute drive from the Piedmont Triad International Airport. The area is highly desirable for manufacturing and distribution users with several notable neighbors, such as Volvo, ProLogisitix, Ecolab and Camco.

White Cap, OHM International and Kirk & Blum will each occupy one single-tenant industrial building with five or more years of weighted average lease term. Founded in 1976, White Cap is a major supplier of power tools and specialty materials to professional concrete contractors with more than 450 branches across North America. OMH International is an importer and wholesaler of natural stone products offering cut-to-size materials, direct container loads and custom orders in a virtually limitless supply of colors, sizes and finishes. Kirk & Blum is one of America’s largest custom sheet metal and industrial ventilation fabricators, and is renowned for industrial ventilation, compliance and capture of fugitive emissions, and optimizing industrial air processes.

The property is located in the Airport submarket of Guilford County, the largest submarket in the Triad industrial real estate market. According to Cushman & Wakefield, the Triad industrial market experienced a tremendous first quarter of 2022, with nearly 496.4 thousand square feet of space absorbed and a record low vacancy rate of 2.6%.

The purchase of 8717-8735 W Market St increases MDH Partners’ North Carolina footprint to over 1 million square feet. In September 2021, the firm acquired Oakhurst Commons, a 133,560-square-foot adaptive reuse to creative loft office project in Charlotte, North Carolina, and broke ground on the development in April 2022. MDH Partners has remained very active, acquiring nearly five million square feet of industrial assets throughout the U.S. since last January. The firm recently expanded its portfolio into new markets including California, Minnesota, Maryland, Indiana, Illinois and Pennsylvania. The firm currently owns over 85 assets across 20 states.

About MDH Partners

MDH Partners is an Atlanta-based real estate investment company managing its discretionary funds targeting industrial real estate across the United States on behalf of its institutional investors. Founded in 2005 as the successor to a fifty-year-old local real estate development company, MDH Partners has led and/or participated in over $6 billion (80 million square feet) of acquisitions, developments, andasset management as an advisor and investor. For more information, visit