Barrday leases big chunk of space at University City’s Innovation Park in Charlotte

Charlotte Business Journal
By Collin Huguley
February 29, 2024

 

Accesso has landed a new industrial tenant at Innovation Park, a major mixed-use development in University City.

Barrday Inc. has leased nearly 88,000 square feet of industrial space as it expands its Charlotte operations.

The advanced material and fiber solutions company has leased space at Innovation Park, a 12-building mixed-use campus in University City. Barrday signed a five-year lease at the park that will begin in June. The deal includes extension options.

Barrday, which is based on Ontario, Canada, has an existing facility here on West Pointe Drive near Charlotte Douglas International Airport.

It is unclear how many employees will be housed at the company’s new space at Innovation Park, which was acquired by Accesso and Partners Group in 2019. The space will be used for manufacturing operations.

“Innovation Park is the ideal property for us in the fundamentally strong Charlotte market because it possesses the sophisticated power infrastructure needed for our manufacturing facility,” Barrday CEO Michael Buckstein said. “We’re thrilled to partner with Accesso as we seek to continue to grow our business internationally.”

Accesso and Partners Group paid $270 million for the Innovation Park development. The project includes 1.8 million square feet of office and light industrial space across its 12 facilities. The park spans over 200 acres and was initially built in the 1980s for IBM. The park’s tenant roster has included Allstate, Wells Fargo, Chime Solutions and TTI Floor Care North America as office users, among several others. Barrday has been added to the mix on the industrial side.

Cushman & Wakefield’s Fermin Deoca represented Accesso in the lease transaction with Barrday. CBRE’s Ben Rojahn represented the tenant.

“Barrday is exactly the type of tenant that represents the next evolution of the property, which offers fully air conditioned, heavy-powered industrial space for similar occupiers,” Deoca said.