Rockpoint has acquired six trophy-quality light industrial buildings in the Raleigh and Charlotte, N.C., markets. Rockpoint will manage and operate the portfolio in partnership with Rockhill Management, Rockpoint’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
