Charlotte, NC (March, 2016) – MPV Properties (MPV), Bailes Ridge corporate park is gaining two new flex warehouse buildings. REO Asset Strategies LLC, an Atlanta based real estate company that invests, develops, and manages a portfolio of flex warehouse properties, recently purchased 10.59 acres fronting Old Bailes Road with plans to build two 55,000 SF buildings. Primary users for the speculative space will be businesses requiring a small office component and warehouse space for assembly, light manufacturing, and other related uses.

Garett Backman, developer and principal of REO stated, “We love the quality of Bailes Ridge corporate park and the opportunity to create a beautiful and functional space for the tenants who need nice office and warehouse space in one location. We think the Fort Mill and Indian Land area, with its rapid growth, proximity to Charlotte, and pro-business attitude—but with a respect for the environment—is an incredible location.”

Clearing and grading site work has begun on the property. Mike Bilodeau with MPV Properties manages sales for Bailes Ridge, and represented the owner in this transaction. George Linville, of Linville Real Estate Services, LLC, represented the buyer and will be handling the leasing and marketing of the building. “The growth of Ballantyne, the northern neck of Lancaster County, and the Fort Mill area, has left a void of smaller flex space in the market,” says Linville. “This project will fill that void for quality office/warehouse space at a competitive price.” Bay sizes will start at 2,340 square feet.

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About MPV Properties

MPV Properties is one of the Charlotte area’s leading office, industrial, retail and land brokerage, development, and management firms. For more information, visit www.mpvre.com.

About Rubicon

Rubicon L.C. and its affiliates Backman L.C. and REO Asset Strategies, are Atlanta based real estate companies that invest, develop and manage—both for their own portfolio and for outside investors—in: 1) first class flex space, business service centers, office buildings, and warehouses in the southeast with their focus primarily on the needs of the smaller tenant; and 2) high end, in-town residential for sale and rent.

The principals, Garett Backman and Charles Backman, invest in each project, and Garett oversees all aspects of the development and construction process, actively participates in the marketing and leasing, and manages each project.
For more information, visit www.rubiconlc.com.

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