North River Capital, LLC (“NRC”) is pleased to announce its acquisition of two (2) strategically located industrial buildings totaling 225,500 square feet in North Carolina’s Triad and I-40 corridor. Acquired in NRC’s continued partnership with Queenswood Partners, LLC (www.queenswoodpartners.com), the transaction represents NRC’s first investment in the North Carolina market.
The portfolio consists of 221 McLin Creek, a highly functional industrial warehouse located in Conover. The building is 100% leased to Axjo, a Swedish-owned plastics manufacturer, and has great connectivity to all major North Carolina metro areas. The deal also included 4035 Reynolds Court in Winston-Salem. 100% leased to Marketing Results, Ltd., an e-commerce discount retailer, the building is ideally situated in one of the most dynamic and expanding regions in North Carolina today.
Chris Loyd with Avison Young provided brokerage services on behalf of the seller in the transaction. Acquisition financing was provided by South State Bank.
About NRC
North River Capital, LLC is an industrial-focused real estate investment company founded in 2024, with offices in Atlanta and Charleston. NRC provides best-in-class investment services to achieve optimal risk-adjusted returns in commercial real estate opportunities throughout the Southeastern and Mid-Atlantic U.S. By bridging hands-on, asset level expertise with an institutional quality investment management approach, NRC offers a unique skillset to evaluate and execute on real estate investment opportunities across markets and risk profiles.