A San Diego investor has paid $80.2 million for a fully leased industrial complex in Kannapolis, scooping up not just the warehouse but 23 acres of adjacent land in a deal that lands squarely in the middle of a booming stretch for industrial real estate around Charlotte. The buyer, Westcore, acquired the Metro63 Logistics Center, a massive facility already filled by a tenant with big hiring plans.
A Fully Leased Warehouse Changes Hands
According to The Business Journals, Westcore is described as a San Diego investor that paid $80.2 million for Metro63 Logistics Center, with the purchase covering the building itself plus 23 acres of adjacent land in Kannapolis. The outlet identifies the tenant filling the space as a sports apparel manufacturer that plans to employ 750 people at the site.
That tenant is Momentec Brands, according to Trammell Crow Company, which developed the property and said it signed a full-building lease covering 755,926 square feet with the company. Trammell Crow's announcement says the Momentec Customer Success Center would house 700 employees once fully operational — a figure that differs from the 750 cited in the Business Journals report, with no indication from either source of how the discrepancy might be resolved. Cabarrus Economic Development separately reported the same 700-employee figure for the Kannapolis center once it reaches full operation, and lists the facility's address as 5700 Royce Street.
Momentec is the product of a recent consolidation in the team-apparel business: private-equity firm Platinum Equity acquired Augusta Sportswear Brands in November 2023 and combined it with Founder Sport Group in January 2024, rebranding the merged company as Momentec in March 2024. Its portfolio includes Augusta Sportswear, Holloway, Badger Sport, Pacific Headwear, Russell Athletic and Alleson Athletic. The company also has a licensing partnership with Under Armour for team apparel, giving the Kannapolis center a role in distributing products across a collection of established sportswear brands. Platinum Equity’s company profile describes the merger and brand portfolio.
Inside the Momentec Lease
Trammell Crow said Momentec Brands planned to be fully operational there in the first half of 2026.
Industrial Deals Around Charlotte
Westcore's purchase joins other industrial property deals in the Charlotte region.
The sale comes as Charlotte’s industrial market shows signs of balancing after a major construction wave. In the third quarter of 2026, vacancy stood at 8.86%, while the market recorded 934,000 square feet of net absorption and still had 5.6 million square feet under construction, Colliers’ market report found. Kannapolis also has industrial development projects along the I-85 corridor.
Elsewhere in the region, a Blackstone-affiliated firm paid $57 million for a property in Huntersville, while a CBRE affiliate spent nearly $135 million on an industrial park in Mooresville, according to the same Charlotte Business Journal reporting. The transactions put Westcore's purchase alongside other industrial deals in the Charlotte metro.
Metro63's Full-Building Lease
Momentec Brands signed a full-building lease for 755,926 square feet at Metro63, according to Trammell Crow.
