PRP Real Estate Investment Management has acquired Corning Hickory, a class A, 265,000-square-foot industrial facility at 2020 Trivium Court in Newton, N.C.
In the deal, JLL represented the seller, Atlanta-based real estate investment firm Stonemont Financial Group.
The manufacturing facility is fully leased to Corning, Inc., a global optical communications and material sciences innovator. Constructed in 2022 as a build-to-suit for Corning, the property features a 32-foot clear height, ESFR fire suppression, LED lighting, a fully climate-controlled interior, two 4,000-amp switchboards, 83 auto parking spaces and 56 trailer parking spaces. The facility is on a 30.42-acre parcel with an additional 83,000 square feet of expansion potential.
Located in Trivium Corporate Center, the property benefits from its position along the Interstate 40 corridor, with access to a skilled labor force. Corning Hickory sits less than five miles from the U.S. Route 321 Inter-Connect
