Business

Race driver purchases Wher-Rena in Cornelius

March 11. A company associated with NASCAR star Joey Logano has purchased the 3.6-acre Wher-Rena property on West Catawba.

Logano, a savvy real estate investor, is the 2018 NASCAR Cup Series champion and the driver of the No. 22 Team Penske Ford. At age 30, he is a 26-time Cup winner, including the 2015 Daytona 500.

Property records show that Catawba Property Investments, 14316 Reese Blvd., Huntersville, paid $3 million for the iconic terminal-like building and property. It’s being marketed as a build-to-suit project by Center Lane Development, of which Logano is a member of the corporate entity.

Logano could not be reached for comment.

Michelle Bacca, managing partner of Center Lane, said the goal is to make “Cornelius proud” of the property once again, regardless of whether the concrete building is saved.

A build-to-suit sign is out front. Bacca said the purchase included buying the well-known Wher-Rena name, which dates back half a century.

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