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Asset Summary

Acquisition Date Q4 2025
Size 190,000 SQ FT
Property Type Industrial
Deal Profile Fund V, Development
Investment Profile Opportunistic
Deal Source Off Market

To-be-developed Class A, ±190,000 SF multi-tenant warehouse building located in Raleigh, NC. Located east of Raleigh in Wake County, the site is just 0.5 miles from the entrance ramp to I-87 and Highway 64 (Wendell Blvd), providing direct access to Raleigh and its I-540 outer belt. To the east, I-87 converts to Highway 264 offering a direct route eastward to I-95, ensuring efficient connectivity across the region. With its flexible, multi-tenant design, the building is positioned to accommodate a broad range of modern users, including manufacturing, distribution, transportation, and industrial service companies. Summit anticipates beginning construction on Phase 4 in Q3 2027.

Wendell Commerce Center, a multi-phase development project, is programmed to include eight buildings totaling ±1,815,000 SF upon complete buildout.

For leasing information, contact the experts:

Jim Allaire

Principal, Foundry

919 270 9216‬

email

Alexis Lambeth

Partner, Foundry

919 987 2926

email

Maria Lombardi, MSRE

Senior Associate

919-899-5087

email

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