Skip to main content Skip to footer

Marlboro Development Team, Inc. Partners with Composite Tooling Manufacturer on New Production Facility

OTS Astracon  Hero Image

Charlotte, NC – September 29, 2020 - A local building in the Airport Submarket of Charlotte, NC has sold. The building is home to the corporate headquarters of a full-service logistics firm, but the company will remain at the site in a sale lease-back plan for a duration of up to fifteen years.

O.T.S. Astracon, founded in 1997 has been committed to providing exceptional customer service in all areas of the supply chain since inception. With a vast worldwide network, OTS Astracon offers all types of international transportation services including airfreight, seafreight, warehousing, distribution, origin & destination trucking services as well as customized IT systems.

The purchaser Stag Industrial (Stag) a Boston, MA area real estate firm, was internally sourced in a deal worth about $5.7 million, Said Colliers experts Justin Smith and Greg Copps.

“The ability to structure a favorable long-term lease and strategically reduce our annual real estate expenses will further strengthen the financial position of O.T.S.,” David Moss, President of O.T.S said in an e-mailed statement.


Related Experts

Greg Copps

Managing Director

Charlotte

Mr. Copps specializes in industrial lease/sale transactions and investment sales.  He has over 30 years of real estate experience with extensive experience in dispositions, development services, land sales, investment sales, build-to-suits and tenant representation. Mr. Copps continues to rank in the top five industrial producers year after year for the Charlotte Metropolitan Area.

View expert

Justin Smith

Senior Director - Industrial

Charlotte

Specializing representing occupiers of industrial real estate in the Carolinas region by adding value to customers supply chain discussions, manufactures site selection, warehouse leasing and renewals and other real estate solutions for occupiers. My years of transactional expertise drive value in helping clients achieve their key business objectives.

My specialties include: tenant representation, landlord representation, land sales, investment sales and site selection consultation. Our team focuses on uncovering market conditions in real time, researching trends, and generating market data that are valuable to our occupiers.

View expert