Durham, NC, July 13, 2022 (GLOBE NEWSWIRE) — Merritt Properties, a Baltimore-based full-service commercial real estate development company with over 19 million square feet throughout Maryland, Virginia, Florida and North Carolina, announced today that it has acquired 22 acres to build a three-building, flex/light industrial business park in Garner, North Carolina.
This project, to be called 42 Crossing, will mark Merritt Properties’ seventh flex/light industrial ground-up development since expanding to North Carolina in 2020. Situated at 6100 North Carolina Highway 42 in Johnston County, the land was purchased for $2.9 million.
The development will include three flex/light industrial buildings totaling 212,400 square feet. The three buildings will consist of 78,000 square feet, 105,600 square feet and 28,800 square feet of space. Clear heights will vary from 18 to 20 feet. Leasable bays will start at 1,800 square feet, with one building offering approximately 16 single-bay warehouses for start-ups and smaller businesses.
“We are thrilled to expand into the rapidly growing Johnston County market and to fulfill the area’s significant demand for flex/light industrial product,” said Jordan Holt of Merritt Properties. “With leasable bays of varying size, these three buildings will allow us to serve a diverse mix of business users and their specific requirements. In particular, we’re confident that our single-bay warehouses will provide a unique…
