Edgewater acquires distribution facility near ILM
June 16, 2022
// PORT CITY DAILY
WILMINGTON– Edgewater Ventures continues to invest in the Cape Fear region adding to its portfolio another industrial facility near the Wilmington International Airport. The space will be divided between two companies who already signed leases — MCO Transportation, Inc. and Atlantic Packaging.
“We view this facility as a strategic acquisition to serve tenants that require close proximity to the Wilmington International Airport as well as infill, last-mile distribution needs throughout the market,” Edgewater lead industrial partner Chris Norvell said in a press release.
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Two companies recently signed leases for a total of more than 305,000 square feet in Leland’s Edgewater Commerce Center.
Forty540 II is a 200,000 SF next generation office building located in North Carolina’s Research Triangle. Built in 2021 and among the newest office deliveries in the market, the institutional-quality asset is thoughtfully designed and curated.
Edgewater Ventures paid $25 million for 601 Keystone Park Drive in Morrisville, according to Durham County deed records. The acquisition was a joint venture with Optimum Asset Management, which has offices in Boston and Europe.
