To-be-developed Class A, ±1,416,300 SF industrial park with five 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 park is 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. Phase I includes two Class A multi-tenant warehouses with building depths of 210’ – 260’ and 185’ truck courts that include trailer spaces. Construction on Phase I began Q2 2023 and its two buildings were delivered Q2 2024.
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Location
US 1 North Commerce Center
Raleigh, NC
Industrial | Unrealized
Asset Summary
- Acquisition Date:
- Q4 2022
- Size:
- 1,416,300 SQ FT
- Property Type:
- Industrial
- Deal Profile:
- Fund IV, Development
- Investment Profile:
- Opportunistic
- Deal Source:
- On Market