42 Crossing Offers Area's Only
Move-In-Ready Incubator Warehouses for Small Businesses
DURHAM, N.C., July 29, 2024 /PRNewswire/ -- Merritt Properties
is excited to announce the construction completion of 42 Crossing,
a premier three-building, 213,800-square-foot light industrial
development in Garner, North
Carolina, that offers multi-bay and incubator spaces. As
leasing commences at 42 Crossing, Merritt has completed the lease-up of Merritt
Midway Business Park, a three-building, 211,450-square-foot light
industrial park in Knightdale, North
Carolina.
42 Crossing: A New Hub for Industrial Growth
42
Crossing, strategically located on 22 acres in the growing
Johnston County area, boasts
convenient access to I-40 and the I-540 extension. The development
features buildings with 18'-24' clear heights, rear-loaded docks,
and drive-in capabilities, catering to a variety of light
industrial needs.
"Delivering 42 Crossing marks an exciting expansion of our light
industrial portfolio in the Triangle area as we continue to create
homes for businesses," said Keith
Wallace, one of Merritt Properties' regional directors in
North Carolina. "This development
not only addresses the increasing demand for industrial space in
the region, but also provides smaller companies with the
opportunity to establish themselves in our flexible incubator
spaces."
The development has secured a mix of leasing activity,
including:
- Quartz America: 12,629 SF
- C. E Gandee: 1,800 SF
- The Spa Haus: 1,800 SF
- Choufani & Bailey Roofing: 1,800 SF
- Fibrezone USA: 1,800 SF
- Dock, Door, & Grille Solutions: 1,800 SF
- JMO Import Automotive: 1,800 SF
- Konecranes: 1,800 SF
- Pickles and Play: 18,350 SF, marking the company's third
indoor pickleball facility at a Merritt property
"42 Crossing is a game-changer for economic growth and business
development in our region, driving our community towards a more
prosperous future," said Chris
Johnson, director of Johnston County Economic Development.
"This light industrial development will support local businesses
and attract new ventures, serving as a catalyst for job creation
and a strategic space for businesses to expand and innovate."
A unique aspect of 42 Crossing is its offering of incubator
warehouses, ideal for companies seeking 1,800-3,600 square feet of
small-bay industrial space. These move-in ready facilities include
two offices, a bathroom, and a climate-controlled warehouse, all
with at-grade drive-in access.
Matt Younger, owner of The Spa
Haus, shared, "Merritt's incubator
suite was the perfect choice when searching for a space to open my
showroom, providing ground-level bay door accessibility and ample
floor space. Additionally, the park offers significant flexibility
for future growth, allowing us the opportunity to expand our space
as our business evolves. This ensures we can continue to meet
increasing demand without the need for a disruptive move."
Merritt Midway Business Park: Fully Leased
Merritt
Midway Business Park, located off Hinton Oaks Boulevard and Hinton
Pond Road, just east of I-540 in Knightdale, has achieved full occupancy with a
diverse range of tenants.
Recent additions to the park include:
- Optima: 7,778 SF
- Knightdale Gymnastics: 13,078 SF
- Rivian: 30,977 SF
- Reliable Home Solutions: 6,382 SF
"We are thrilled to announce the full leasing of Merritt Midway
Business Park," added Wallace. "The demand for these spaces
reflects the strategic importance of the Knightdale area and our commitment to meeting
the needs of growing businesses."
Tenant Chad Smith, general
manager of TK Elevator Corporation, shared, "When exploring our
company's relocation, we prioritized location, proximity to
amenities, and a customizable space. Merritt's turnkey capabilities with in-house
design and construction teams made them our top choice. They were
easy to work with and impressed us early, meeting tight schedules
while fulfilling our needs. We are extremely pleased with our
decision to partner with Merritt."
A fourth 72,600-square-foot building has been proposed for
build-to-suit and leasing opportunities.
NAI Tri Properties supported Merritt's leasing team throughout the process,
contributing to the successful leasing of Merritt Midway Business
Park.
For more information about 42 Crossing, Merritt Midway Business
Park, or other Merritt Properties developments, please visit
www.merrittproperties.com.
About Merritt Properties
Established in 1967, Merritt Properties is a full-service
commercial real estate firm with over 21 million square feet of
office, warehouse, industrial, retail and build-to-suit throughout
Maryland, Florida, North
Carolina and Virginia. Our
company is committed to "Creating Homes for Businesses" and
providing the highest quality service to our customers.
Merritt is unique in that we build
for the long-term and manage all of our properties internally.
Therefore, we value trust, integrity, respect, and lasting
relationships over short-term gain. And, because every Merritt employee is also an owner of the
company, we each have a vested interest in the success of our
customers. That's why we are responsive and committed to honest and
fair business dealings that grow customer relationships into
long-term partnerships. For more information, visit
www.merrittproperties.com.
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SOURCE Merritt Properties, LLC