Industrial Build-to-suit Opportunity in the Wake County, NC
Marsh & Partners Ready to Deliver New Ground-Up Build-to-Suit Industrial Building
Matt Marsh, founding partner of Marsh & Partners, today announced that the firm is in the process of delivering a ground-up build-to-suit project.
"I'm really excited about this project. With so much attention on the Triangle market, you see a lot of national developers coming in, buying huge swaths of land, and putting up these massive small and mid-bay industrial parks. But you aren't seeing many flexible standalone building opportunities currently being brought to market," said Marsh. "We have over 1000 feet of highly sought-after US Hwy 70 road frontage, and will be able to deliver a building that can accommodate local businesses for years to come."
The build-to-suit or pre-lease opportunity is ideal for a group that requires a customized buildout to complement and enhance their business functions. New speculative fixed-bay industrial developments are often expensive, and offer limited parking and fit-up options. As a result, businesses are frequently saddled with inflexible lease terms and a facility that isn't optimized for their operations.
Owner-occupied real estate is an often misunderstood asset class. Business owners become stymied by industry-specific lingo and constantly evolving market trends, and don't have the time or expertise to navigate a ground-up development project themselves. A build-to-suit or pre-lease takes the mystery out of the equation - Marsh & Partners would take on all the entitlement, development, and construction work, and deliver a customized building for a business at the end of the project.
"Business owners who try to self-manage their own real estate needs are often disappointed with the result," Marsh adds. "I enjoy the real estate development process, but I really love working with small businesses. The opportunity to bring in a team of engineers, architects, and contractors to bring a project to life that will impact the surrounding area and the trajectory of a business is a really cool thing."
For more information on Marsh & Partners' build-to-suit and pre-lease opportunity on US Hwy 70 in Garner, North Carolina, please contact Matt directly or visit our "deal room" here.
About Marsh & Partners: It's past time for real estate to change to meet investors, developers, and small business owners' needs and expectations. COVID has changed the market parameters, and Marsh & Partners is disrupting the execution. Marsh focuses on value creation through development, and digs deep into the investment and business goals to align not only property and project selection, but structure, ownership and financing to help achieve the goals. Founding partner Matt Marsh was born in NC, and brings the experience and perspective of years as a US Army Infantry Officer and his Wake Forest University Business School education to every client engagement.
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