US 1 North Commerce Center, a multi-phase industrial development project, includes five buildings, totaling 1,416,307 SF. Phase III includes a Class A, 550,992 SF build-to-suit in Raleigh, NC. Located on the southern edge of the Franklin County industrial submarket, the site is 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). The building is uniquely positioned to serve north Raleigh and the growing businesses and households along the U.S.-1 corridor. Construction began Q1 2025, delivered Q2 2026, and the building was sold Q3 2026. The building was 100% leased to Eaton at the time of sale.
US 1 North Commerce Center – Phase III
Development | Industrial | Realized
Raleigh, NC
Asset Summary |
|
|---|---|
| Acquisition Date | Q4 2022 |
| Size | 550,992 SQ FT |
| Property Type | Industrial |
| Deal Profile | Fund IV, Development |
| Investment Profile | Opportunistic |
| Deal Source | On Market |
Building 500 |
|
|---|---|
| Total SF | 550,992 SF |
| Acres | ±35.05 acres |
| Building dimensions | 1,057' x 520' |
| Exterior wall material | Concrete tilt wall construction |
| Paved parking | 361 |
| Lighting | LED per tenant spec |
| Electrical provider | Duke Energy Progress |
| Natural gas service provider | Dominion Energy |
| Water and sewer provider | Franklin County Public Utilities |
| HVAC | Heat for freeze protection (to 50°F) | Roof top make-up air units for air circulation |
Photos
Property 360 Aerial
360 Renderings
Site Plan
Location & Key Distances
US 1 North Commerce Center is located near Highway 1 with central access points nearby including I-540, I-87, I-40 and I-95. The proximity to interstates and major state roads ensures uninterrupted distribution to every major market in the United States.