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National  + North Carolina  + Industrial  |  February 12, 2020
David Cohen
By: David Cohen

Merritt Properties to Develop 452K-SF Light Industrial Park in Wake Forest

Developer Merritt Properties has announced plans to build a 452,500-square-foot speculative light industrial business park in Wake Forest, NC.

Located along Ligon Mill Road, the Merritt Capital Business Park will be developed on a 74-acre tract of land and will consist of up to seven buildings ranging from 30,000 to 85,000 square feet. Each will offer 18 to 24-foot clear heights, rear-loaded docks and drive-in capabilities, and free surface parking. Site plans are still being finalized.

Pre-leasing is underway and delivery expected to occur during the second quarter of 2021. Construction will be managed by Merritt Construction Services, the construction division of Merritt Companies. Cushman & Wakefield has been tapped as the leasing partner for Merritt Capital Business Park. The team will be led by Larry Lakins, Hunter Willard and Andrew Young.

Kennemur & Associates Real Estate represented the undisclosed seller in the transaction.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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