Rockpoint Picks Up North Carolina Portfolio
The six-building collection is located in two high-growth industrial markets.
Rockpoint has acquired a 279,507-square-foot, six-building Class A industrial portfolio in the Raleigh-Durham and Charlotte metros of North Carolina.
The transaction included Garner Commerce Center, a three-building, 128,006-square-foot industrial campus in Garner, N.C., and I-77 Commerce Center, a 151,501-square-foot, three-building business park in Charlotte, N.C. Greenberg Gibbons Commercial sold both assets, according to Wake County and Mecklenburg County public records.
The buyer will manage and operate the properties in partnership with Rockhill Management, its dedicated property services platform, and Rockpoint Industrial, its exclusive industrial operating affiliate.
READ ALSO: Industrial Sales Momentum Carries Into 2026
Garner Commerce Center is a shallow bay industrial park at 2545 and 2585 U.S. Highway 70 in Garner, N.C. The 16-acre property is off Interstate 70, in the Southeast Wake County submarket of Raleigh-Durham. The location is close to Interstate 40, as well as to the planned extension of Interstate 540. Downtown Raleigh, N.C., is 13 miles away while the city’s international airport is within 25 miles.
The complex includes three facilities completed in 2024. Measuring 37,779 square feet, 40,806 square feet and 49,418 square feet, the buildings feature 18-foot clear heights and a total of 39 dock-high doors and 20 grade-level doors, as well as 312 parking spots. At the time of the acquisition, the asset was 91 percent leased to 16 tenants.
I-77 Commerce Center occupies a 21-acre lot at 9905 Statesville Road, in the Charlotte North submarket. The light-industrial property has good access to interstates 77 and 485. Downtown Charlotte is 10 miles away while the city’s international airport is within 13 miles from the campus.
Completed in 2025, the campus includes two buildings of 35,040 square feet each and a 79,620-square-foot third facility. The facilities feature clear heights between 18 and 24 feet, dock-high and grade-level loading and ample parking space.
Two markets with strong investment momentum
The two North Carolina industrial markets witnessed strong fundamentals in the fourth quarter of 2025.
In Raleigh-Durham, new leases amounted to 2.2 million square feet, according to a Cushman & Wakefield report. It was the largest quarterly leasing volume over the past five years in the metro.
Charlotte also registered healthy tenant demand in Q4 as 2.6 million square feet were leased, another Cushman & Wakefield report shows. As a result, vacancy dropped to 8.1 percent, down 50 basis points over the year.
The metros’ good fundamentals translated into the investor interest seen early 2026. Just this week, Equus Capital Partners paid $102 million for a 648,060-square-foot flex industrial property in Charlotte. Weston sold the asset at a nearly 122 percent premium compared to its 2015 trade.
Another recent transaction was the $58.3 million sale of an industrial facility in Cary, N.C., within the Raleigh-Durham metro. Vigilant Real Estate Holdings purchased the asset from Alloy Properties, which got a 63 percent premium over its previous price.
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