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Merritt Properties buys 142 acres for flex/light industrial business park in N.C.
Transactions - MARCH 17, 2022

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Merritt Properties buys 142 acres for flex/light industrial business park in N.C.

by Released

Merritt Properties has acquired an assemblage of three land parcels that total 142 acres in Cary, N.C., for the development of Merritt RDU Business Park.

It marks the developer’s sixth speculative, flex/light industrial project in the state and the company’s largest North Carolina project since its 2020 expansion. Merritt RDU Business Park will span 738,750 square feet.

"This announcement reinforces our commitment to the region and our confidence in the market’s desire for flex/light industrial product,” said Keith Wallace of Merritt Properties. “Designed to cater to a diverse industry base, this 738,750-square-foot development will allow us to serve businesses of all sizes and the area’s various warehouse, manufacturing and distribution requirements.”

Located three miles from RDU International Airport and minutes from Interstate 540, Interstate 40 and U.S. Route 70, Merritt RDU Business Park will feature up to 13 single-story buildings ranging fro

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