Annapolis, Md. (December 12, 2024) – Realterm today announced the acquisition of a 66-door truck terminal located at 8814 W. Market Street in Greensboro, NC.
The 10.4-acre property features a 22,998-square-foot warehouse with 3,250 square feet of office space. The strategically located facility includes 66 loading positions, 71 trailer parking spaces, a 2,080-square-foot drive-thru maintenance facility and an on-site fueling station. The fully secured property is completely paved and illuminated, with a dedicated ingress/egress point.
“Fortune 500 companies and major industrial users increasingly seek locations in the Greensboro area due to the robust interstate network, established airport and rail service,” said Ed Brickley, Managing Director and Senior Fund Manager, Realterm. “This acquisition aligns with Realterm’s strategy of acquiring transportation-advantaged real estate within key logistics markets that are sure to attract best-in-class users.”
Situated in the heart of the Triad region, where industrial occupancy rates exceed 95% and rents have grown by more than 44% since 2020, the property offers excellent access to major transportation arteries including I-40, I-85 and I-74.
“Greensboro is ideally situated halfway between New York and Florida and halfway between Washington DC and Atlanta, making it a strategic transportation hub for logistics users,” said Arnie Capute, Vice President, Investments, East Region, Realterm. “We remain focused on acquiring differentiated industrial outdoor storage/truck terminal assets in top markets across the country.”
Chris Loyd and Chris Skibinski of Avison Young facilitated the transaction and represented the seller.
