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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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.
