Triangle commercial investment firm acquires first Triad property
July 7, 2021
// Triad Business Journal
GREENSBORO – With its first Triad industrial real estate acquisition in hand, a Triangle-based investment group is poised to add to its portfolio here.
In May, Triad Business Journal reported on the sale of a 123,624-square-foot light industrial facility near Piedmont Triad International Airport at 233 Burgess Road. The building was sold by TE Connectivity Corp., which had vacated the facility. The buyer at the time was identified as SRE EV Burgess LLC of Raleigh, now confirmed as Edgewater Ventures.
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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.
