By Collin Huguley – Staff Writer, Charlotte Business Journal Originally Published May 15, 2024 A new industrial park in Gastonia has been completed, bringing nearly 300,000 square feet of new space online. Birmingham, Alabama-based Growth Capital Partners has delivered Northwest Gateway Logistics Park, a two-building project at 1215 Jenkins Road. The park includes buildings of […]
GCP Announces Grizzle & Flynn Promotions
Join GCP in congratulating John Grizzle and Michael Flynn on their co-promotions to Vice President of Investments. John joined GCP in 2018 as an Investment Analyst and was promoted to AVP/Investments and then VP of Acquisitions in early 2023 with responsibilities of underwriting all investment opportunities and assisting the finance team in maintaining portfolio projections. […]
GCP Signs WRH Manufacturing to 56,280 SF Industrial Lease in Metro Charlotte
Original Post from REBusinessOnline Posted on February 1, 2024 GASTONIA, N.C. — Growth Capital Partners (GCP) has preleased 56,280 square feet of industrial space in metro Charlotte to WRH Manufacturing, a subsidiary of Decima Corp. Henry Lobb, Abby Rights and Christopher Skibinski of Avison Young represented GCP in the lease transaction. Casey Mulhern of Foundry […]
Southeast’s Industrial Projects to Watch: PortNorth Distribution Center in Portland, TN
By John Nelson Southeast Real Estate Business: October 2023 | Volume 24, Issue 7 Growth Capital Partners (GCP), an industrial development firm based in Birmingham, Alabama, launched a $300 million investment vehicle in 2022 that supports land acquisition and industrial development in high-growth markets in the Sun Belt. As part of the fund, GCP determined […]
Tips To Make Your Accounting Intern Program A Success
By Katherine Jackson – VP of Accounting at GCP & Forbes Councils Member Forbes.com – Forbes Finance Council In my experience, the business world has topics that people tend to polarize on, and interns would be high on that list. When the subject arises, you get some strong opinions that boil down to “love them” […]
GCP, Highline Real Estate Buy Fort Mill Industrial Building Near Carowinds
By Collin Huguley – Staff Writer, Charlotte Business Journal Growth Capital Partners and Highline Real Estate bought a 478,400-square-foot industrial building in Fort Mill earlier this month. The facility is occupied by Britax Child Safety. View Full Article
GCP, Phelan-Bennett Complete 167,000-SF Spec Warehouse in Brookshire
By Florian Martin Original Post from Houston Business Journal A new industrial park has been completed and is ready for tenants in Brookshire. Westside 10 Business Park is a 167,120-square-foot warehouse building developed by Birmingham, Alabama-based real estate investment firm Growth Capital Partners and Houston-based Phelan-Bennett Development. It is located on 9.75 acres at 814 […]
GCP, AEW Capital Management Purchase 2.9 MSF Industrial Portfolio in Metro Atlanta
By John Nelson, REBusinessOnline Posted on October 20, 2022 Original Post from REBusinessOnline MCDONOUGH AND JONESBORO, GA. — A partnership between Birmingham, Ala.-based Growth Capital Partners (GCP) and AEW Capital Management LP has purchased a 2.9 million-square-foot industrial portfolio in Atlanta’s I-75 South industrial submarket. The seller and sales price were not disclosed. The portfolio […]
GCP to Develop 442,896 SF of Industrial Product in Carolinas
By Illyshia Parker – Commercial Real Estate Reporter, Birmingham Business Journal Original Post from Birmingham Business Journal Growth Capital Partners (GCP), a Birmingham-based private real estate investment company, is partnering with Houston, Texas-based developer Phelan-Bennett Development (PB) an affiliate of Phelan Development Company, LLC under a forward-progress agreement to develop two speculative industrial projects in […]
GCP Signs Dollar General to 712,040 SF Industrial Lease in Metro Atlanta
By John Nelson Original Post from REBusinessOnline STOCKBRIDGE, GA. — Birmingham, Ala.-based Growth Capital Partners (GCP) has recently signed Dollar General Corp., the Goodlettsville, Tenn.-based national discount retailer, to a full-building industrial lease in metro Atlanta. GCP’s Fund II purchased the recently vacated property, located at 500 Business Center Drive in Stockbridge, in March. The […]
Industrial Real Estate Need Continues to Rise, Spec Buildings in Demand
By Illyshia Parker – Commercial Real Estate Reporter, Birmingham Business Journal Original Post from Birmingham Business Journal Birmingham is poised to receive a record amount of new speculative space in the next year from local and out-of-state developers, according to local experts. Eight projects currently in various stages of construction around the market will deliver […]
GCP, Highline Purchase 404,000 SF Industrial Park Near Birmingham
By John Nelson – Staff Writer, RE Business Online Original Post from RE Business Online ALABASTER, ALA. — Growth Capital Partners (GCP) and Highline Real Estate Partners have acquired Shelby West, a 404,000-square-foot industrial park in suburban Birmingham. The property represents the third investment for the GCP-Highline investment platform, which also includes strategic equity placements […]
GCP to Lead Development of New Gaston County Industrial Park
By Collin Huguley – Staff Writer, Charlotte Business Journal Original Post from Charlotte Business Journal An out-of-state real estate investment firm is leading a new industrial development in the Charlotte region. Growth Capital Partners, which is based in Birmingham, Alabama, is working with Phelan-Bennett Development to build Northwest Gateway Logistics Park in Gastonia. The project […]
167,120-SF Spec Industrial Project Planned for Booming Brookshire Market
By Jeff Jeffrey – Reporter, Houston Business Journal Original Post from Houston Business Journal Another speculative industrial development is planned for the booming Brookshire market west of Houston. Birmingham, Alabama-based real estate investment firm Growth Capital Partners teamed up with Houston-based Phelan-Bennett Development to build Westside 10 Industrial Park. The 167,120-square-foot warehouse will be built […]
$300M Joint Venture Secures First Acquisition for $27.5M
By Illyshia Parker – Commercial Real Estate Reporter, Birmingham Business Journal Original Post from Birmingham Business Journal A Birmingham-based private real estate investment company is partnering with a global real estate investment group to create a joint venture with a new investment fund. Growth Capital Partners (GCP) and AEW Capital Management LP (AEW) created GCP […]
HREP, GCP Purchase 604,000 SF Logistics Center in Vance, Alabama
By Julia Sanders – Staff Writer, RE Business Online Original Post from RE Business Online VANCE, ALA. — Highline Real Estate Partners and Growth Capital Partners have purchased Vance Logistics Center, a 604,000-square-foot, cross-dock logistics facility in Vance. Stewart Calhoun and Casey Masters of Cushman & Wakefield represented the sellers, Niantic Partners and Rothschild Capital […]
Institutional Investors Rejoin Buyer Pool for Birmingham Industrial Facilities
By Gardner Lee Principal and Co-Founder, Growth Capital Partners Since Prologis sold its Birmingham holdings in the late 1990s, the industrial real estate market in the Magic City has been dominated by local investment groups, with a few national developers entering the market for either built-to-suit or specialized projects like the recent Amazon facilities. As […]
GCP Launches Development Company
Growth Capital Partners has launched a new development company and named two partners. The Birmingham-based private real estate investment firm, which is coming off a major deal in late 2020, said the new company will operate under the GCP umbrella and will focus on development of bulk distribution facilities across the Sun Belt. The sector […]