Wharton Gladden Closes 86,000 SF Warehouse Acquisition for Conversion to Mixed-use Space
Algenon Cash, managing director of investment banking group Wharton Gladden & Company, announces the successful acquisition of an 86,000 square foot warehouse located at 821 East 25th Street in Winston-Salem, North Carolina. This strategic purchase marks a significant step in the company’s mission to revitalize distressed urban areas and support local economic growth.
The warehouse, situated in a historically distressed area of Winston-Salem, will undergo a comprehensive transformation into a dynamic industrial co-working space complemented by ground floor retail. This innovative redevelopment project aims to foster a vibrant community for entrepreneurs, small businesses, and retailers, contributing to the economic resurgence of the neighborhood.
“We are thrilled to embark on this redevelopment project in Winston-Salem,” said Cash. “Our vision is to create a collaborative and inspiring environment that supports local businesses and stimulates economic activity in the area. By converting this warehouse into a multifunctional space, we aim to provide a hub for innovation and community engagement.”
The new industrial co-working space will offer flexible workspaces, meeting rooms, and essential amenities tailored to the needs of modern businesses. The ground floor retail space will provide opportunities for local retailers to establish their presence, adding to the vibrancy and accessibility of the area.
Wharton Gladden is committed to sustainable and community-focused development. The project will prioritize environmentally friendly practices and seek to engage with local stakeholders to ensure the redevelopment meets the needs and aspirations of the community.
About Wharton Gladden & Company:
Wharton Gladden & Company is a uniquely designed boutique investment banking firm that specializes in providing strategic advisory services, underwriting, capital placement and private equity for a diversified client base that includes corporations, real estate developers, financial institutions, investors, municipalities and high net worth individuals.
