Edgewater Ventures Will Invest $40M In Benson Distribution Space

March 8, 2022

// THE JOHNSTON COUNTY REPORT


BENSON – Edgewater Ventures, a Raleigh-based commercial real estate investment and development firm with nearly 2.7 million square feet of existing assets, will build a 501,120 square-foot Class-A distribution facility on Halmin Road in close proximity to the Interstate 40 and Interstate 95 interchange in Benson. The company’s $40 million investment will be the initial development of what will ultimately result in nearly 1.1 million square feet of Class A industrial space that will be known as Crosspoint Logistics Center.

At just over 500,000 square feet, the first phase will be the largest speculative industrial facility ever constructed within the Raleigh-Durham MSA. Company projections indicate that the facility could employ as many as 300 workers after it becomes operational in the first quarter of 2023. The second phase would more than double Crosspoint’s square footage and workforce.

Monday morning, Johnston County’s Board of Commissioners approved an economic development incentives grant in support of Crosspoint Logistics Center. The facility will add $73,351,891 in annual output to the county’s economy, according to an economic impact study by economist Michael Walden, PhD.

SPREAD THE NEWS

Modern multi-story office building with many windows and a large parking lot. Blue sky with clouds.

NY firm behind $45M office sale near RDU

By Duda Widget • February 5, 2026
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.
Aerial view of a white commercial building with blue accents, surrounded by parking and lush green trees under a bright blue sky.

Raleigh real estate firm buys $25M building at full occupancy

By Duda Widget • October 16, 2025
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.
A group of people are standing next to each other on a construction site holding shovels.

Wilmington Trade Center Breaks Ground On Next Phase

By Duda Widget • May 15, 2025
The first phase of Wilmington Trade Center, a master planned industrial park on U.S. 421, recently wrapped up, while work on the next phase is now underway.
MORE NEWS