To-be-developed Class A, ±1,815,000 SF industrial park programmed for eight multi-tenant warehouse buildings in Raleigh, NC. Located east of Raleigh, NC 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 their flexible, multi-tenant designs, the park’s buildings are designed to attract a broad spectrum of modern users including area manufacturing, distribution, transportation, and industrial service companies. Representing ±494,000 square feet, Phase 1 will feature three multi-tenant, rear-load buildings with 32’ clear heights and 185’ truck courts with ample space available for trailer parking. Summit anticipates starting construction on Phase 1 in Q1 2025 and delivering the three buildings in Q4 2025.
![Wendell Commerce Center](https://summitstl.com/app/uploads/2024/07/Image1-1024x485.png)
Location
Wendell Commerce Center
Raleigh, NC
Industrial | Unrealized
Asset Summary
- Acquisition Date:
- Q2 2024
- Size:
- 1,815,000 SQ FT
- Property Type:
- Industrial
- Deal Profile:
- Fund IV, Development
- Investment Profile:
- Opportunistic
- Deal Source:
- Off Market