Summit Real Estate Group is pleased to announce that it has closed on a 106-acre industrial site in Raleigh, NC. Acquired on behalf of Summit’s Arrowrock US Industrial Fund IV, the three-phase development project will be known as US-1 North Commerce Center and include a multi-building industrial park representing approximately 1,382,400 square feet. Raleigh-Durham is … Continued
Summit Real Estate Group is pleased to announce that it has closed on a 34-acre industrial site in Columbia, SC. Acquired on behalf of Summit’s Arrowrock US Industrial Fund IV, the ground-up development project will be known as Pineview Trade Center and include a single, multi-tenant warehouse building representing 351,540 square feet. Located in the … Continued
Summit Real Estate Group is pleased to announce that it has closed on a 22.2 acre assemblage in Apopka, FL, just north of Orlando. Acquired on behalf of Summit’s Arrowrock US Industrial Fund IV, the ground-up industrial development project will be known as 451 Commerce Park and include two multi-tenant warehouse buildings representing ±260,000 square … Continued
Summit Real Estate Group has engaged a leading commercial real estate visual media company to create and produce content that enhances the marketing efforts of Summit’s ground-up industrial development projects. Oval Room Group will produce media packages to include videography, animated aerial renderings, and interactive aerial visuals (360° HotSpot Mapping) that, in conjunction with the … Continued
Summit Real Estate Group is pleased to announce that Chris Gilbert has joined the firm as Controller. Chris will be involved in finance, accounting, and financial reporting. As part of his responsibilities, Chris will assist with debt and joint venture equity sourcing, financial statement review, budgeting/forecasting, and compliance matters. Chris, a Missouri-licensed CPA, brings with … 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 Collin Garvey has joined the firm as Analyst, Investments. Collin will be involved in supporting investment analysis on prospective acquisitions as well as aspects of acquisition strategy including sourcing, underwriting, and due diligence. Prior to joining Summit, Collin was a Transaction Coordinator with Cushman & Wakefield … 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 it has closed on a 18.9 acre industrial site, southeast of Atlanta in LaGrange, GA. The ground-up development project will be known as Troup Logistics Center and include a single, multi-tenant warehouse building representing 190,457 square feet. Located in the Troup County industrial submarket, the site … Continued
Summit Real Estate Group is pleased to announce the disposition of Prestonwood II at its Prestonwood Court portfolio in Dallas, TX. Prestonwood Court is a 50,925 square foot, two-building multi-tenant retail portfolio acquired Q1 2017 on behalf of Summit’s Arrowrock Income & Growth Fund II (AIGF II). At 11,257 square feet, Prestonwood II represents the smaller … Continued