{"id":37049,"date":"2023-10-30T08:22:47","date_gmt":"2023-10-30T05:22:47","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=37049"},"modified":"2023-10-25T13:44:11","modified_gmt":"2023-10-25T10:44:11","slug":"north-carolina-industrial","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/","title":{"rendered":"North Carolina Industrial Portfolio Trades for $105M"},"content":{"rendered":"

Blue Ridge Industrial (BRI), a Dallas-based real estate private equity firm, recently completed the acquisition of a 28-property industrial portfolio in North Carolina\u2019s<\/a> Triad region. The properties \u2014 located in Kernersville near Winston-Salem \u2014 cover a total area of 1.4 million square feet and were purchased for $105 million. At the time of the sale, they were 96% leased to a group of 66 tenants.<\/p>\n

The assets were sold by an affiliate of Dogwood Industrial Properties. JLL Capital Markets arranged the acquisition financing for BRI, securing a five-year, floating rate loan through an entity managed by Argentic Investment Management. The Debt Advisory team was led by Senior Managing Director, Jim Curtin, and Director Jarrod McCabe.<\/p>\n

The portfolio consists of buildings with an average clear height of 23 feet and a total of 306 dock-high doors. It also offers a mix of front, rear, side and cross-dock load configurations. Meanwhile, the buildings vary in size from 216,000 to 910,000 square feet. The largest property within the portfolio is a 30.15-acre plot located at 1203 South Park Drive that features a building area of 277,250 square feet.<\/p>\n

Notably, this prime location in the South Park Business Center in Kernersville provides convenient access to interstates 40 and 85. Kernersville is also situated 10 miles east of Winston-Salem and 17 miles west of Greensboro. In particular, Winston-Salem (located 25 miles west of Greensboro and approximately 70 miles northeast of Charlotte) offers excellent connectivity to major metropolitan areas.<\/p>\n

Since its establishment in 2018, Blue Ridge Industrial has been actively acquiring properties and has already accumulated a total of 75 buildings across six markets and totaling 3.4 million square feet. In addition to the newly acquired properties in North Carolina, the company \u2014 which was founded by Michael Trapani and Nate Leifeld \u2014 also owns five properties in Greensboro.<\/p>\n

Dogwood Industrial Properties, established by global investment firm TPG in 2019, has also made significant investments in high-growth U.S. metropolitan areas. To date, Dogwood Industrial Properties has acquired more than 12 million square feet of infill, multi-logistics space across more than 130 buildings.<\/p>\n

For more industrial listings across major U.S. markets, visit CommercialCafe.com:<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t
Industrial space in Los Angeles<\/a><\/td>Industrial space in Dallas<\/a><\/td>Industrial space in Phoenix<\/a><\/td>\n<\/tr>\n
Industrial space in Houston<\/a><\/td>Industrial space in Chicago<\/a><\/td>Industrial space in Denver<\/a><\/td>\n<\/tr>\n
Industrial space in Atlanta<\/a><\/td>Industrial space in Philadelphia<\/a><\/td>Industrial space in Nashville<\/a><\/td>\n<\/tr>\n
Industrial space in Cincinnati<\/a><\/td>Industrial space in Seattle<\/a><\/td>Industrial space in Boston<\/a><\/td>\n<\/tr>\n
Industrial space in New York City<\/a><\/td>Industrial space in Minneapolis<\/a><\/td>Industrial space in Fort Worth<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Blue Ridge Industrial (BRI), a Dallas-based real estate private equity firm, recently completed the acquisition of a 28-property industrial portfolio in North Carolina\u2019s Triad region. The properties \u2014 located in Kernersville near Winston-Salem \u2014 cover a total area of 1.4 million square feet and were purchased for $105 million. At the time of the sale,…<\/p>\n","protected":false},"author":3163,"featured_media":26754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,41],"tags":[],"class_list":["post-37049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-industrial","wpautop"],"acf":[],"yoast_head":"\nBlue Ridge Pays $105M for Triad-Region Industrial Portfolio<\/title>\n<meta name=\"description\" content=\"Dallas real estate private equity firm Blue Ridge Industrial (BRI) recently acquired a 28-property industrial portfolio in North Carolina's Triad region\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North Carolina Industrial Portfolio Trades for $105M\" \/>\n<meta property=\"og:description\" content=\"Dallas real estate private equity firm Blue Ridge Industrial (BRI) recently acquired a 28-property industrial portfolio in North Carolina's Triad region\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T05:22:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Industrial_Pipeline_2020_warehouse-interior.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Preston\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matthew Preston\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/\",\"name\":\"Blue Ridge Pays $105M for Triad-Region Industrial Portfolio\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Industrial_Pipeline_2020_warehouse-interior.jpg\",\"datePublished\":\"2023-10-30T05:22:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80\"},\"description\":\"Dallas real estate private equity firm Blue Ridge Industrial (BRI) recently acquired a 28-property industrial portfolio in North Carolina's Triad region\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#primaryimage\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Industrial_Pipeline_2020_warehouse-interior.jpg\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Industrial_Pipeline_2020_warehouse-interior.jpg\",\"width\":1280,\"height\":500,\"caption\":\"industrial real estate outlook with the best markets for industrial space ranked\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"North Carolina Industrial Portfolio Trades for $105M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80\",\"name\":\"Matthew Preston\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Matthew-Preston.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Matthew-Preston.png?w=96\",\"caption\":\"Matthew Preston\"},\"description\":\"Matthew has covered commercial real estate for CommercialCafe since 2022. He focuses on the office and industrial sectors, reporting on leasing, development, and investment across national markets and individual submarkets. His work draws on data and original research. He also writes about demographic shifts and urban innovation in U.S. cities. The New York Times, The Real Deal, Bisnow, The Business Journals, and Yahoo Finance have cited his reporting.\",\"jobTitle\":\"Content Writer, CRE News & Market Analysis\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/author\/matthew-preston\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Blue Ridge Pays $105M for Triad-Region Industrial Portfolio","description":"Dallas real estate private equity firm Blue Ridge Industrial (BRI) recently acquired a 28-property industrial portfolio in North Carolina's Triad region","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/","og_locale":"en_US","og_type":"article","og_title":"North Carolina Industrial Portfolio Trades for $105M","og_description":"Dallas real estate private equity firm Blue Ridge Industrial (BRI) recently acquired a 28-property industrial portfolio in North Carolina's Triad region","og_url":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/","og_site_name":"CommercialCafe","article_published_time":"2023-10-30T05:22:47+00:00","og_image":[{"width":1280,"height":500,"url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Industrial_Pipeline_2020_warehouse-interior.jpg","type":"image\/jpeg"}],"author":"Matthew Preston","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matthew Preston","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/","url":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/","name":"Blue Ridge Pays $105M for Triad-Region Industrial Portfolio","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Industrial_Pipeline_2020_warehouse-interior.jpg","datePublished":"2023-10-30T05:22:47+00:00","author":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80"},"description":"Dallas real estate private equity firm Blue Ridge Industrial (BRI) recently acquired a 28-property industrial portfolio in North Carolina's Triad region","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#primaryimage","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Industrial_Pipeline_2020_warehouse-interior.jpg","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Industrial_Pipeline_2020_warehouse-interior.jpg","width":1280,"height":500,"caption":"industrial real estate outlook with the best markets for industrial space ranked"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/north-carolina-industrial\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"North Carolina Industrial Portfolio Trades for $105M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80","name":"Matthew Preston","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Matthew-Preston.png?w=96","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Matthew-Preston.png?w=96","caption":"Matthew Preston"},"description":"Matthew has covered commercial real estate for CommercialCafe since 2022. He focuses on the office and industrial sectors, reporting on leasing, development, and investment across national markets and individual submarkets. His work draws on data and original research. He also writes about demographic shifts and urban innovation in U.S. cities. The New York Times, The Real Deal, Bisnow, The Business Journals, and Yahoo Finance have cited his reporting.","jobTitle":"Content Writer, CRE News & Market Analysis","url":"https:\/\/www.commercialcafe.com\/blog\/author\/matthew-preston\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Industrial_Pipeline_2020_warehouse-interior.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/37049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/users\/3163"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/comments?post=37049"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/37049\/revisions"}],"predecessor-version":[{"id":37055,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/37049\/revisions\/37055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media\/26754"}],"wp:attachment":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media?parent=37049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/categories?post=37049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags?post=37049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}