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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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.
