US 1 North Commerce Center, a multi-phase development project, includes five buildings, totaling 1,416,307 SF. Phase II includes Class A, 470,575 SF multi-tenant warehouse buildings 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 buildings are uniquely positioned to serve north Raleigh and the growing businesses and households along the U.S.-1 corridor. With their flexible, multi-tenant design and 32’-36’ clear heights, the buildings are designed to attract area manufacturing, distribution, and industrial services companies. Construction on Phase II began in Q4 2024, and its two buildings were delivered in Q3 2025.
US 1 North Commerce Center – Phase II
Development | Industrial | Unrealized
Raleigh, NC
Asset Summary |
|
|---|---|
| Acquisition Date | Q4 2022 |
| Size | 470,575 SQ FT |
| Property Type | Industrial |
| Deal Profile | Fund IV, Development |
| Investment Profile | Opportunistic |
| Deal Source | On Market |
Building 300 |
|
|---|---|
| Total SF | 266,604 SF |
| Available SF | 266,604 SF |
| Date Available | Estimated July 2025 |
| Lease rate | Call for pricing |
| Acres | ±17.29 acres |
| Building dimensions | 1,026' x 260' |
| Bay size | ±14,040 SF |
| Exterior wall material | Concrete tilt wall construction |
| Roofing material | 45 mil white TPO with R-15 poly-iso insulation (R-25 above office areas) |
| Floor thickness | 6”, unreinforced over 6” aggregate base with 10 MIL vapor-barrier |
| Ceiling height | 32’ after speed bay |
| Column spacing | 54’x50’ with 60’ speed bay |
| Sprinkler system/type | ESFR with K-17 sprinkler heads |
| Loading | 58 (9’x10’) manual dock doors with bumpers | 2 (12’x14’) drive-in doors |
| Paved parking | 180 |
| Trailer parking/storage | 72 trailer parks available |
| Truck court depth | 135' expandable to 190' |
| Lighting | LED per tenant spec |
| Electrical capacity | 277/480 Volt 3-phase 4-wire 2,000 Amp Electrical Service with four (4) 400 amp/480 volt 3-phase tenant panels |
| Electrical provider | Duke Energy Progress |
| Natural gas service provider | Dominion Energy |
| Water and sewer provider | Franklin County Public Utilities |
| Sewer line | 6" |
| Water main line | 3" |
| Telecom provider | TBD |
| HVAC | Heat for freeze protection (to 50°F) | Roof top make-up air units for air circulation |
Building 400 |
|
|---|---|
| Total SF | 203,971 SF |
| Available SF | 203,971 SF |
| Date available | Estimated July 2025 |
| Lease rate | Call for pricing |
| Acres | ±22.83 acres |
| Building dimensions | 972’ x 210’ |
| Bay size | ±11,340 SF |
| Exterior wall material | Concrete tilt wall construction |
| Roofing material | 45 mil white TPO with R-15 poly-iso insulation (R-25 above office areas) |
| Floor thickness | 6”, unreinforced over 6” aggregate base with 10 MIL vapor-barrier |
| Ceiling height | 32’ after speed bay |
| Column spacing | 54’x50’ with 60’ speed bay |
| Sprinkler system/type | ESFR with K-17 sprinkler heads |
| Loading | 54 (9’x10’) manual dock doors with bumpers | 2 (12’x14’) drive-in doors |
| Paved parking | 164 |
| Trailer parking./ storage | 72 trailer parks available |
| Truck court depth | 135' expandable to 190' |
| Lighting | LED per tenant spec |
| Electrical capacity | 277/480 Volt 3-phase 4-wire 2,000 Amp Electrical Service with two (2) 600 amp/480 volt 3-phase tenant panels |
| Electrical provider | Duke Energy Progress |
| Natural gas service provider | Dominion Energy |
| Water and sewer provider | Franklin County Public Utilities |
| Sewer line | 6" |
| Water main line | 3" |
| Telecom provider | TBD |
| HVAC | Heat for freeze protection (to 50°F) | Roof top make-up air units for air circulation |
For leasing information, contact the experts:
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Property 360 Aerial
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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.