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Sign in Sign up for a FREE subscriptionLovett Industrial secures construction financing for logistics center in North Carolina
Lovett Industrial secured construction financing for Durham Logistics Center, a 351,030-square-foot class A industrial property in Durham, N.C.
JLL worked on behalf of Lovett Industrial to arrange the loan through Comerica.
The rare infill 27.8-acre logistics and distribution development site will feature 36-foot clear heights, 84 dock-high doors, a 185-foot truck court and 86 trailer parking spaces. Construction kicked off in August 2024, with delivery planned for early fourth quarter 2025.
Located at 1716 Camden Ave., the property is positioned at an irreplaceable location, fronting the Interstate 85 and I-885 intersection with immediate access to the vital transportation and logistics corridor that has fueled the rise of the Sun Belt. Moreover, the project boasts unparalleled access to the entirety of the booming Raleigh-Durham MSA and its core demand drivers — including the world-renowned Research Triangle Park, situated just 10 miles away.
