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.
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."
