Triangle commercial investment firm acquires first Triad property
July 7, 2021
// Triad Business Journal
GREENSBORO – With its first Triad industrial real estate acquisition in hand, a Triangle-based investment group is poised to add to its portfolio here.
In May, Triad Business Journal reported on the sale of a 123,624-square-foot light industrial facility near Piedmont Triad International Airport at 233 Burgess Road. The building was sold by TE Connectivity Corp., which had vacated the facility. The buyer at the time was identified as SRE EV Burgess LLC of Raleigh, now confirmed as Edgewater Ventures.
SPREAD THE NEWS
Cushman & Wakefield has brokered the $17.5 million sale of a two-property industrial portfolio in Laurel Hill. Situated at 18300 and 18400 Fieldcrest Road, the property is within 100 miles of the Port of Wilmington and is fully leased to High Life LLC, an apparel manufacturer based in New York City.
A regional law firm has signed a renewal for its longtime headquarters in Raleigh, North Carolina.
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."
