Delivered July 2024, leasing activity at Phase I of US 1 North Commerce Center in Raleigh, NC, is exceeding initial projections. Located on the southern edge of the Franklin County industrial submarket, Phase I’s two multi-tenant Class A warehouse buildings, totaling 394,740 SF, are part of a five-building industrial park.
Summit and Foundry Commercial recently executed a full-building lease for Building 100, which totals 169,940 SF, to Southwire, one of the largest wire and cable producers in North America.
Southwire Announces Expansion of Youngsville Facility | Southwire
Southwire Announces New Expansion in Franklin County | NewsBreak
Phase I is 89% leased and Foundry continues to market the remaining 42,213 SF at Building 200. Phase II, two multi-tenant warehouse buildings totaling 470,575 SF, is currently under construction. Phase III, a single warehouse building totaling 550,992 SF, is anticipated to commence construction Q1 2025.
US 1 North Commerce Center sits 0.2 miles from U.S. Highway 1, which connects south to Raleigh (approximately 12 miles to the I-540 outer belt) and north to I-85 (approximately 27 miles). With its flexible, multi-tenant design and 32’-40’ clear heights, the park is designed to attract a broad spectrum of modern users, including area manufacturing, distribution, transportation, and industrial service companies. Summit anticipates that interest in modern, well-located industrial space like the US 1 North Commerce Center will remain strong throughout 2025.