ncarol.com - Merritt Properties Completes Construction of 42 Crossing and Full Lease-Up of Merritt Midway Business Park

Trending...

DURHAM, N.C., July 29, 2024 ~ Garner, North Carolina - Merritt Properties, a leading real estate development and management company, has recently completed construction on 42 Crossing, a state-of-the-art light industrial development in Garner. This premier three-building complex spans over 213,800 square feet and offers multi-bay and incubator spaces to cater to a variety of business needs. As leasing begins at 42 Crossing, Merritt Properties is also proud to announce the full occupancy of Merritt Midway Business Park in Knightdale.

Strategically located on 22 acres in the growing Johnston County area, 42 Crossing boasts convenient access to major highways such as I-40 and the I-540 extension. The development features buildings with clear heights ranging from 18 to 24 feet, rear-loaded docks, and drive-in capabilities. "Delivering 42 Crossing marks an exciting expansion of our light industrial portfolio in the Triangle area as we continue to create homes for businesses," said Keith Wallace, one of Merritt Properties' regional directors in North Carolina. "This development not only addresses the increasing demand for industrial space in the region but also provides smaller companies with the opportunity to establish themselves in our flexible incubator spaces."

The leasing activity at 42 Crossing has been diverse and promising. Some notable tenants include Quartz America with a space of 12,629 square feet, C.E Gandee with 1,800 square feet, The Spa Haus with 1,800 square feet, Choufani & Bailey Roofing with 1,800 square feet, Fibrezone USA with 1,800 square feet, Dock Door & Grille Solutions with 1,800 square feet,JMO Import Automotive with 1,800 square feet,Konecranes with 1,800 square feet,and Pickles and Play with a whopping space of18 ,350square feet - marking it as their third indoor pickleball facility at a Merritt property.

More on ncarol.com

According to Chris Johnson, director of Johnston County Economic Development, "42 Crossing is a game-changer for economic growth and business development in our region, driving our community towards a more prosperous future. This light industrial development will support local businesses and attract new ventures, serving as a catalyst for job creation and a strategic space for businesses to expand and innovate."

One of the unique features of 42 Crossing is its offering of incubator warehouses, ideal for companies seeking small-bay industrial space ranging from 1,800 to 3,600 square feet. These move-in ready facilities include two offices, a bathroom, and a climate-controlled warehouse with at-grade drive-in access. Matt Younger, owner of The Spa Haus, shared his experience saying "Merritt's incubator suite was the perfect choice when searching for a space to open my showroom, providing ground-level bay door accessibility and ample floor space. Additionally, the park offers significant flexibility for future growth, allowing us the opportunity to expand our space as our business evolves. This ensures we can continue to meet increasing demand without the need for a disruptive move."

In addition to the success at 42 Crossing, Merritt Properties has also achieved full occupancy at Merritt Midway Business Park in Knightdale. Located off Hinton Oaks Boulevard and Hinton Pond Road just east of I-540, this three-building complex spans over 211,450 square feet and has attracted a diverse range of tenants including Optima with 7,778 square feet,Knightdale Gymnastics with 13 ,078square feet,Rivian with30 ,977square feet,and Reliable Home Solutions with6 ,382square feet.

More on ncarol.com

"We are thrilled to announce the full leasing of Merritt Midway Business Park," added Wallace. "The demand for these spaces reflects the strategic importance of the Knightdale area and our commitment to meeting the needs of growing businesses." Tenant Chad Smith from TK Elevator Corporation shared his satisfaction with the space saying, "When exploring our company's relocation, we prioritized location, proximity to amenities, and a customizable space. Merritt's turnkey capabilities with in-house design and construction teams made them our top choice. They were easy to work with and impressed us early, meeting tight schedules while fulfilling our needs. We are extremely pleased with our decision to partner with Merritt."

Merritt Properties has also proposed a fourth 72,600-square-foot building for build-to-suit and leasing opportunities at Merritt Midway Business Park. NAI Tri Properties has supported Merritt's leasing team throughout the process, contributing to the successful leasing of the park.

For more information about 42 Crossing, Merritt Midway Business Park, or other developments by Merritt Properties, please visit their website at www.merrittproperties.com. With these new developments and successful lease-ups, Merritt Properties continues to solidify its position as a leader in real estate development and management in North Carolina.

Filed Under: Business

0 Comments

Latest on ncarol.com

_catLbl0 _catLbl1