Merritt Properties Grabs 22 Acres in Garner for 212K-SF Flex Industrial Park

Baltimore, MD-based Merritt Properties has acquired 22 acres in the Durham submarket of Garner, NC for $2.9 million with the intention to build a three-building, flex/light industrial business park.

Karah McConnell of Lee & Associates represented the seller.

This project, to be called 42 Crossing, will mark Merritt Properties’ seventh flex/light industrial ground-up development since expanding to NC in 2020.

The development at 6100 North Carolina Highway will include three flex/light industrial buildings totaling 212,400 square feet. The three buildings will consist of 78,000 square feet, 105,600 square feet and 28,800 square feet of space. Clear heights will vary from 18 to 20 feet. Leasable bays will start at 1,800 square feet, with one building offering approximately 16 single-bay warehouses for start-ups and smaller businesses. With the addition of 42 Crossing, Merritt has more than two million square feet of light-industrial space that is developed, proposed or under construction across seven projects in the Triangle area.