Trinity Capital Advisors, Mortenson Properties Acquire 157-Acre Industrial Real Estate Site for 1.1M SF Development in North Carolina

Trinity Capital Advisors, in joint venture with Mortenson Properties, Inc., has acquired 157 acres in Butner, North Carolina for the development of Falls Lake Industrial Park, a master-planned industrial real estate project totaling 1,097,180 square feet across five Class-A buildings. The real estate acquisition marks Mortenson Properties' first investment in the Raleigh-Durham MSA.

Industrial Real Estate Development Details

Falls Lake Industrial Park is designed to accommodate a diverse range of industrial users through flexible building sizes ranging from 102,060 to 297,920 square feet. The real estate development will be executed in two phases, with Phase I totaling 364,140 square feet across two buildings and expected delivery in November 2026. Phase II will follow with three buildings totaling 733,040 square feet, with anticipated delivery in April 2028.

Mortenson will serve as General Contractor and lead construction operations throughout the multi-phase project. The park's location offers direct frontage on Interstate 85, providing tenants with access to the interstate network and major transportation corridors throughout the Southeast.

Strategic Positioning

"Falls Lake Industrial Park represents a rare opportunity for tenants to secure Class-A industrial space at a highly competitive rate with immediate access to the region's core submarkets," said Jordan Quinn, Partner, Industrial at Trinity Capital Advisors. "The location offers the best of both worlds: proximity to Raleigh-Durham's major employment and logistics centers, paired with the convenience, visibility, and value that comes with being just outside the most expensive pockets of the market."

Local Workforce and Infrastructure Advantages

Granville County offers a qualified workforce supported by the Triangle's community college and university system. The area has served as a hub for advanced manufacturing, hosting companies including Bridgestone Bandag, CertainTeed, NT Techno USA, Revlon, and Shalag. The site provides convenient access to major East Coast markets, transportation routes, and proximity to an international airport.

Buildings at Falls Lake Industrial Park will feature modern specifications and functional dimensions suited to a broad range of industrial, manufacturing, and logistics uses. The park's Interstate 85 frontage offers prominent exposure and branding opportunities for tenants.

Project Team

JLL will handle leasing for the project, with Al Williams, Justin Booth, and Austin Jackson serving as leasing brokers. M2 Realty and Melonie Mickle served as investment sales broker for the real estate acquisition.

Sources:
Trinity Capital Advisors - https://www.trinitycapitaladvisors.com/news/falls-lake-industrial-park