Raleigh-based Edgewater Ventures to develop first Charlotte-area industrial project
August 6, 2021
// Charlotte Business Journal
CHARLOTTE– A Raleigh-based commercial real estate investment firm has revealed plans to develop its first project in the Charlotte region.
Edgewater Ventures is partnering with Alidade Capital to develop a 159,120- square-foot industrial building at The Park-Huntersville. The project will take a nearly 13-acre site at the industrial park, and groundbreaking is expected later this month. Delivery is targeted for April 2022. Alidade currently owns four existing buildings at The Park.
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Tim Skender, principal at Edgewater, said the acquisition was a good opportunity in a submarket that is thriving. "We’re big believers in lifestyle office or neighborhood office," he said. "1800 Central is well-located, in a dynamic, growing (submarket) where the neighborhood is the amenity for the people who office there. There’s a lot of momentum in Plaza, broadly speaking."
Following two recent leases, another building in the Wilmington Trade Center, a growing industrial park along U.S. 421, is at full occupancy.
Edgewater Ventures is pleased to announce the addition of Joey Surles, to the Edgewater Industrial team as their Senior Property Accountant.
