Buildings Located in Charlotte and Raleigh; Transaction Expands Industrial Footprint in an Attractive Southeast Growth Market
Rockpoint, a Boston-based real estate private equity firm, today announced the acquisition of six trophy-quality light industrial buildings in the Raleigh and Charlotte, North Carolina markets. The firm will manage and operate the portfolio in partnership with Rockhill Management, the firm’s dedicated property services affiliate, and Rockpoint Industrial, Rockpoint’s exclusive industrial operating partner. Financial terms of the transaction were not disclosed.
The acquisition encompasses a total of 279,507 square feet in six buildings across two North Carolina locations. The Garner Commerce Center consists of three buildings and 128,006 square feet in the Raleigh-Durham market. The other three buildings, at the I-77 Commerce Center in Charlotte encompass 151,501 square feet.
“These investments reflect our focus on high-quality, infill light industrial assets in select growth markets,” said Fred Borges, Senior Managing Director at Rockpoint. “The Southeast, including selected North Carolina markets, continues to show strong demand for industrial space.”
The Garner Commerce Center was completed in 2024 and is 91% leased to 16 tenants. It is conveniently located within Raleigh’s Southeast Wake County submarket off I-70 and one mile from the planned I-540 highway extension. The I-77 Commerce Center was completed in 2025 and is also situated proximate to major corridors, located in the Charlotte North submarket off I-77 and one mile from I-485.
“Both Garner and I-77 are ideally located within major submarkets that are premier logistics and distribution hubs,” said Ben Harris, Head of Rockpoint Industrial. “We look forward to leveraging our industrial operating expertise to drive value for tenants and investors at these locations.”
Rockpoint has invested in 17 million square feet of industrial space since 2020, including the recent acquisitions of Eastport Industrial Park in Richmond, Virginia, and One Park Center in Durham, North Carolina.
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