skip to main content
Investor Portal

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

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. The tenant, a Fortune 500 power management company, has signed a long-term lease for the building and is expected to take occupancy in Q2 2026. This new facility will be used for light manufacturing and distribution purposes.

US 1 North Commerce Center, a multi-phase industrial development project, is programmed to include five buildings, totaling 1,416,307 SF (upon complete buildout).

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

For leasing information, contact the experts:

Alexis Lambeth

Partner, Foundry

919 987 2926

email

Jim Allaire

Principal, Foundry

919 270 9216‬

email

Contact the Leasing Team Schedule a Tour

Photos

Property 360 Aerial

US-1 North Commerce Center – Aerial 360 RenderingSnap Content

360 Renderings

US-1 North Commerce CenterSnap Content

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.

Location