Greenleaf Capital Acquires Charlotte Flex Property

The investment firm purchased the 64,198-square-foot facility at 600 Forest Point Circle for $11 million.

Updated on Oct. 22, 2026 in Commercial

Isometric editorial illustration of a modern, generic low-rise industrial building, representing a commercial real estate acquisition. — Greenleaf Capital completed an $11 million acquisition of the Forest Park IV flex industrial property in Charlotte, adding to its Southeast portfolio. AI Illustration. Upload story photo >

Live Poll

Is strong investor demand for local business parks a positive sign for your community's economy?

Greenleaf Capital has completed the $11 million purchase of Forest Park IV, a fully leased flex property in Charlotte. The building is situated on 7.28 acres within the Forest Park business park.

Why it matters

The acquisition reflects Greenleaf Capital's ongoing strategy to expand its portfolio of office and flex properties throughout the Southeast. This transaction highlights continued investor interest in properties with established tenant bases.

The property features 16-foot clear heights, three dock-high doors, and one drive-in door. It is 100% leased to Flexential, Tranzact, and Preferred Electric Company, Inc.

The players

Greenleaf Capital

This investment firm specializes in acquiring and managing commercial real estate assets across the Southeast.

CBRE

CBRE is a global commercial real estate services and investment firm that acted as the broker for the seller.

CB Equities

CB Equities is a commercial real estate entity that served as the seller in the Forest Park IV transaction.

Flexential

Flexential is a national provider of data center colocation and cloud solutions currently leasing space at the property.

Preferred Electric Company, Inc.

Preferred Electric Company, Inc. is a trade contractor that maintains a lease at the Forest Park IV location.

The details

The 64,198-square-foot building, which underwent an office-to-flex conversion, provides parking for 360 vehicles. CBRE represented the seller, CB Equities, during the sale of the asset.

The building was originally delivered in 1999.
CBRE announced the transaction on October 22, 2026.

Culture Shift

The acquisition highlights the broader industry shift toward the adaptive reuse of commercial office buildings into versatile flex-industrial spaces. This strategy helps investors reposition older assets to meet changing industrial and tech-driven market demands.

The transition of this property into a fully leased flex facility reinforces the long-term utility of the Forest Park business park for local trade and technology tenants. Business owners in the area may see continued investment in the surrounding infrastructure due to this high occupancy level.

The takeaway

Commercial flex properties remain a focus for investors seeking fully occupied, versatile assets in established business corridors. Buyers should monitor local zoning and conversion trends when evaluating the long-term viability of similar business park acquisitions.