Sourced off-market through an existing relationship with a national brokerage team, who introduced NorthBridge to the local developer given our history of creative forward structures.
Property Description
Clayton Logistics Center is a 235,668 SF development located on Shotwell Road in Clayton, NC.
The Project features two buildings (109K SF and 126K SF) with 32’ clear height, 65 dock positions (1:3,600 SF), 1.2-acres of excess trailer parking, and 293 parking spaces for customers/employees.
Investment Thesis
NB structured the transaction as a forward-take out at a fixed purchase price (no cost overrun risk), while funding the necessary debt and equity during the construction period, securing incremental yield given the creative structure.
