Raleigh-based real estate development company Wigeon Capital has announced construction commencement for a flex and warehouse project at Greenfield Business Park, in the town of Garner, North Carolina, the US.
Located near the heavy-traffic intersection of Interstate 40 and US Highway 70, construction of the 58,000ft2 industrial building is underway at 3300 Waterfield Drive, Garner.
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Wigeon’s new industrial building is its third flex building under construction by the real estate investing and development company co-founded by Whit Brown and Al Goodrich.
Additional properties of Wigeon include those at Brier Creek and Sigma Drive in Raleigh, North Carolina.
Wigeon Capital said: “Garner is growing; with the confluence of the road system and the proximity to downtown Raleigh we see the potential for this trend to continue. That is why we are investing in Garner, NC.”
The beginning of this year’s second quarter will see Wigeon planning to break ground on a 96,000ft2 shallow bay industrial that has a tilt wall construction along with a 32-ft height.
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By GlobalDataWigeon is also planning a three-building project on an adjacent piece of land measuring 150,000ft2, which will offer bulk distribution facility alongside two additional shallow bay industrial buildings measuring 58,000ft2 and 48,000ft2.
Tri Properties I NAI Carolantic Realty executive vice-president Jimmy Barnes said: “Our first building under construction, 3300 Waterfield Drive is well-designed and located to accommodate the high flex demand that the Triangle region is experiencing.”
Founded in 2016, Wigeon Capital’s other current real estate projects under different stages of development include around 500,000 ft2 of flex and shallow bay industrial in Wake County, North Carolina.
Tri Properties | NAI Carolantic is a leading full service, commercial real estate company active in the Triangle region of North Carolina.
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Wigeon’s new industrial building is its third flex building under construction. Credit: Siggy Nowak/Pixabay.
