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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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.
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.
A Longs-area industrial park that currently serves Amazon and Pepsi distributors plans to expand with a 60-acre acquisition, offering more space for industries to step into Horry County.
