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Triangle industrial real estate still a landlord s market despite new deliveries

Industrial properties range from cold storage spaces to manufacturing facilities. The segment also includes flex space, the low-rise buildings that can house assembly, warehouse and office operations, as well as customer showrooms. And demand remains high in the Triangle, a new report shows.

Ready Spaces In North Carolina s Research Triangle Region

Life Sciences Group to Invest $213 Million in Sanford Facility

Abzena, a San-Diego based life-sciences group, will open a new facility in Sanford, Gov. Roy Cooper announced April 13. The company plans to invest $213 million, locating in a 117,000 square foot building in the Central Carolina Enterprise Park. The facility, located adjacent to U.S. 1 and Colon Road in Lee County, will create 325 jobs that pay an average annual salary of more than $60,000. “We are delighted that Abzena chose Lee County, thus helping us to grow our local life sciences industry,” said Lee County Board of Commissioners Chair Kirk Smith. “We are blessed to be centered in the heart of North Carolina in close proximity to our premier research institutions that will help further accelerate the impact of Abzena on our county, state, and country. We look forward to the beneficial economic impact for our community as well the future tax relief for our citizens.”

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