Foundry, Principal® Close on 74 Junction Industrial Development in Union County

New 237,000-square-foot Class-A industrial project to serve growing Charlotte market

Published on Feb. 5, 2026

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Foundry Commercial, in partnership with Principal Asset Management®, has closed on the sale of 74 Junction, an approximately 237,000-square-foot Class-A rear-load industrial development located in the Union County submarket of Charlotte. The project will feature two rear-load, Class-A industrial buildings totaling more than 237,000 square feet and is positioned to serve the growing residential population and expanding base of suppliers seeking strategic access to Charlotte.

Why it matters

With much of Charlotte's established infill industrial inventory already built out, 74 Junction represents a rare opportunity to introduce modern, well-located industrial space in the high-demand Union County submarket to meet the needs of the region's growing residential population and supplier market.

The details

The 74 Junction development will feature two rear-load, Class-A industrial buildings totaling more than 237,000 square feet – one at 120,000 square feet and the other at 117,000 square feet – each with 32-foot clear heights and modern specifications aligned with current market requirements. Designed to accommodate a range of light industrial, distribution, and service-oriented users, the project is located at the first exit off the U.S. 74 Bypass, offering prime visibility and connectivity to key regional corridors, including U.S. 74 and the I-485 loop.

  • Construction is expected to begin in the coming months.
  • Delivery is slated for Q3 2026.

The players

Foundry Commercial

A commercial real estate firm that partnered with Principal Asset Management® on the 74 Junction development.

Principal Asset Management®

An asset management firm that partnered with Foundry Commercial on the 74 Junction development.

Edifice

The general contractor for the 74 Junction development.

9G Studio

The architect for the 74 Junction development.

Thomas & Hutton

The civil engineer for the 74 Junction development.

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What they’re saying

“Given the dense residential growth throughout southeast Charlotte, the supplier market remains meaningfully underserved. 74 Junction represents a rare opportunity to introduce a modern, well-located industrial product in Indian Trail. As consumer expectations for speed and convenience continue to rise, well-situated distribution space like this will be critical in meeting demand.”

— Mark Holoman, Partner at Foundry Commercial (mecktimes.com)

“We're pleased to expand our relationship with Foundry in Charlotte, providing a much-needed product offering in the southeast part of the city.”

— Courtney Fritz, Senior Asset Manager at Principal Asset Management (mecktimes.com)

What’s next

Construction on the 74 Junction development is expected to begin in the coming months, with delivery slated for Q3 2026.

The takeaway

The 74 Junction industrial development represents a strategic opportunity to introduce modern, well-located industrial space in the high-demand Union County submarket of Charlotte, helping to meet the needs of the region's growing residential population and expanding supplier market as consumer expectations for speed and convenience continue to rise.