Welcome Enterprise Park. Picture courtesy of Colliers
Welcome Group has damaged floor on Welcome Enterprise Park, a 1.3 million-square-foot industrial campus in Durham, N.C. RW2 Growth Co. is dealing with entitlements, improvement and challenge administration. Choate Development, Withers Ravenel, Kimley-Horn, Maurer Structure, Morningstar Legislation and S&ME are additionally advising or helping the developer in varied capacities.
The master-planned challenge was designed to host a wide selection of companies, together with logistics, warehouse, laboratory, know-how and life science customers. The Colliers Worldwide Raleigh staff of Larry Lakins, Hunter Willard and Andrew Younger is spearheading the leasing efforts on the property.
The enterprise park’s first section, which is because of be on-line in 2024, contains 4 shallow-bay/warehouse buildings totaling 392,000 sq. ft, with clear heights of 24 and 32 ft and ample parking. The property’s design additionally requires out of doors inexperienced areas and pure areas.
Situated in North Carolina’s Analysis Triangle space, the 160-acre web site is at 1225 Hamlin Highway, close to Oxford Highway and the long run North Durham Parkway, offering quick access to Freeway 70 and Interstate 85. Raleigh-Durham Worldwide Airport is a few 18 miles south.
The property is 30 miles from one other industrial challenge taking form within the Triangle and in addition lower than 14 miles from the Analysis Triangle Park, one of many world’s largest life science clusters. In keeping with a current Cushman & Wakefield report, demand for all times science area within the space remained robust all through 2022, resulting in 11.8 million sq. ft in building initiatives that can add to the present stock of 12.8 million sq. ft.
