Summit Real Estate Group is pleased to announce that it has closed on an 189-acre industrial site east of Raleigh in Wake County, NC. Acquired on behalf of Summit’s Arrowrock US Industrial Fund IV, the multi-phase development project will be known as Wendell Commerce Center (“Wendell”) and include eight buildings representing approximately 1,800,000 square feet … Continued
A groundbreaking ceremony was recently held for South Florida Distribution Center – Building C in Pembroke Pines, FL. One of several Summit-led development projects currently under construction, Summit and its partners, including local leasing team Cushman & Wakefield, introduced the $57 million project to the local and regional business community. Summit’s Arrowrock U.S. Industrial Fund … Continued
Summit Real Estate Group is pleased to announce the launch of Arrowrock US Industrial Fund IV, LP. The private equity real estate fund will focus on ground-up industrial development and follows Summit’s successful exit of Arrowrock Income & Growth Fund III, LP. Arrowrock US Industrial Fund IV’s investment strategy is to develop speculative, multi-tenant industrial … Continued
Summit Real Estate Group is pleased to announce that it has executed a $190 million portfolio sale on behalf of Arrowrock Income & Growth Fund III, LP (AIGF III). Assembled over a three year period, the six property portfolio represents 1.6 million square feet throughout Texas, Georgia, and Florida. Boston, MA-based Taurus Investment Holdings, LLC, … Continued
Summit Real Estate Group is pleased to announce that S.C. Johnson & Son, based in Racine, Wisconsin, has leased 124,432 square feet at Creekside Distribution Center in Atlanta, Georgia. The 538,500 square foot distribution center was acquired Q2 2020 on behalf of Summit’s Arrowrock Income & Growth Fund III (AIGF III). At the time of … Continued
Summit Real Estate Group has completed its final close of Arrowrock Income & Growth Fund III, LP. The total fundraise, including co-investment commitments, for the infill industrial strategy exceeded $121 million and included both institutional and high net worth investors. The Fund’s investment strategy is to acquire and selectively develop infill, ‘last mile’ multi-tenant warehouse … Continued
Creekside Distribution Center is a 538,500 square foot infill warehouse / distribution space in East Point, GA, just north of Hartsfield-Jackson Atlanta International Airport. Owned and operated by Summit Real Estate Group it was acquired in May 2020, when the property was 58% occupied. Walmart’s new lease expands their existing space by 100,000 square feet to … Continued
Summit Real Estate Group (“Summit”) is announcing that it has entered into a partnership with Metropolitan Real Estate (“Metropolitan”) to acquire and selectively develop infill, ‘last mile’ multi-tenant warehouse / distribution buildings in high-growth markets across the United States Sun Belt. Metropolitan has invested alongside Summit’s current fund, Arrowrock Income & Growth Fund III (“AIGF … Continued