Summit Real Estate Group’s Arrowrock US Industrial Fund IV is pleased to announce the delivery of Phase I at US-1 North Commerce Center in Youngsville, NC, just north of Raleigh. Located on the southern edge of the Franklin County industrial submarket and offering immediate access to Highway 1, the 106-acre industrial site was acquired Q4 2022 and is programmed for five buildings in three phases. With its flexible, multi-tenant design and an opportunity for outside trailer parking, the park has attracted manufacturing, distribution, transportation, and industrial service companies. Phase I includes two Class A multi-tenant warehouses that were 89% pre-leased at delivery. Summit anticipates starting construction on Phase II, two buildings representing approximately 471,000 square feet, in Q4 2024.
Foundry Commercial is marketing the park’s buildings for lease or sale:
US-1 North Commerce Center – Summit Industrial (summitusindustrial.com)