Summit Real Estate Group is pleased to announce a long-term lease agreement with Eaton Corporation, a Fortune 500 power management company, for a 550,992-square-foot, build-to-suit industrial facility at US 1 North Commerce Center in Youngsville, North Carolina north of Raleigh. The new facility will support Eaton Corporation’s light manufacturing and distribution operations and is expected to be completed in the second quarter of 2026.
Strategically located just 0.2 miles from U.S. Highway 1 — with direct access to Raleigh via I-540 (12 miles south) and I-85 (27 miles north) — the site offers exceptional logistics advantages to serve the growing population and business activity along the U.S.-1 corridor.
This build-to-suit facility represents Phase III of Summit’s US 1 North Commerce Center development. Once fully completed, the five-building, Class A industrial park will total 1,416,307 square feet of state-of-the-art industrial space.
Phase I, completed in June 2024, delivered two buildings totaling 394,000 square feet and was 90% preleased at the time of delivery. Phase II, comprising 470,000 square feet across two buildings, is currently under construction and scheduled for delivery in summer 2025.
Foundry Commercial represented Summit Real Estate Group in the lease negotiations and continues to market the remaining available space in Phase I and Phase II of the development.