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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

Raleigh, NC

Industrial | Unrealized

Asset Summary

Acquisition Date:
Q2 2024
1,815,000 SQ FT
Property Type:
Deal Profile:
Fund IV, Development
Investment Profile:
Deal Source:
Off Market