Rockpoint Acquires 279,507-SF Six-Building Industrial Portfolio in Raleigh and Charlotte

BOSTON — Rockpoint Group, a Boston-based real estate private equity firm, announced March 30 the acquisition of a six-building light industrial portfolio totaling 279,507 square feet across the Raleigh-Durham and Charlotte, North Carolina markets. Financial terms of the transaction were not disclosed.

The acquisition includes two separate industrial campuses: the Garner Commerce Center, comprising three buildings and 128,006 square feet in the Raleigh-Durham market, and the I-77 Commerce Center, comprising three buildings and 151,501 square feet in Charlotte.

Rockpoint will manage and operate the portfolio in partnership with Rockhill Management, the firm's dedicated property services affiliate, and Rockpoint Industrial, Rockpoint's exclusive industrial operating partner.

Portfolio Details and Submarket Positioning

The Garner Commerce Center was completed in 2024 and is 91% leased to 16 tenants. The property is located within Raleigh's Southeast Wake County submarket, off Interstate 70 and approximately one mile from the planned I-540 highway extension.

The I-77 Commerce Center was completed in 2025 and is situated in Charlotte's North submarket, off Interstate 77 and approximately one mile from Interstate 485.

"Both Garner and I-77 are ideally located within major submarkets that are premier logistics and distribution hubs," said Ben Harris, Head of Rockpoint Industrial. "We look forward to leveraging our industrial operating expertise to drive value for tenants and investors at these locations."

Strategic Rationale

"These investments reflect our focus on high-quality, infill light industrial assets in select growth markets," said Fred Borges, Senior Managing Director at Rockpoint. "The Southeast, including selected North Carolina markets, continues to show strong demand for industrial space."

The firm has invested in 17 million square feet of industrial space since 2020, including recent acquisitions of Eastport Industrial Park in Richmond, Virginia, and One Park Center in Durham, North Carolina.

Rockpoint Industrial Marks Fifth Anniversary

Rockpoint Industrial, which serves as Rockpoint's exclusive industrial operating partner for the acquisition, development, and operation of industrial facilities across the United States, is celebrating its fifth anniversary in 2026. Ben Harris has served as Head of Rockpoint Industrial since its inception.

The Rockpoint Industrial team works alongside the Rockpoint and Rockhill Management teams to identify, underwrite, acquire, and manage industrial investments in target markets. Rockhill Management has provided property management and project management services to properties representing approximately 61 million square feet since its inception.

Since 1994, Rockpoint's co-founders and others have sponsored 19 investment vehicles and related co-investment vehicles through Rockpoint and a predecessor firm, investing or committing to invest in 512 transactions with a total peak capitalization of approximately $81 billion.