Merritt TW Crossing Property Booklet
MERRITT TW CROSSING WALEXANDER D IVE & S. MIAMI BOULEVARD DURHAM, NC 27703 A 51-Acre Flex & Light Industrial Development Adjacent to Research Triangle Park
MERRITT TW CROSSING SITE PLAN
Building 1 1001 Hill Drive Building 2 3252 S. Miami Blvd Building 3 3260 S. Miami Blvd Building 4 1 TWAlexander Drive
106,100 SF 91,170 SF 38,320 SF 48,650 SF
MERRITT TW CROSSING | PAGE 2
PROPERTY HIGHLIGHTS
» 1 TWALEXANDER DRIVE, DURHAM, NC 27703
CREATING HOMES FOR BUSINESSES With 53 years of full-service commercial real estate experience, Merritt Properties owns and operates more than 16 million square feet of space across three states. We design, build, lease and manage our properties, and our portfolio includes flex/light industrial, office, bulk and retail product. Merritt’s founder, Leroy Merritt, often completed deals on a handshake, and that level of trust and respect continues at our company today. We’re committed to honest and fair business dealings that grow customer relationships into long-term partnerships.
» CLASS A FLEX & LIGHT INDUSTRIAL PARK
» 284,240 SQUARE FOOT PLANNED DEVELOPMENT
» LOCATED ON ±51 ACRES IN DURHAM COUNTY
» INDUSTRIAL LIGHT (IL) ZONING
» 38,320 - 106,100 SQUARE FOOT BUILDINGS
» 18’ - 24’ CLEAR HEIGHTS
» DOCK-HIGH & DRIVE-IN DOORS AVAILABLE
WHAT’S IT LIKE TOWORKWITH MERRITT?
» 1.8 - 2.9/1,000 SF PARKING RATIO
» MUNICIPAL UTILITIES CITY OF DURHAM
» CONVENIENT ACCESS TO I-40, I-540, US-70 AND NC-147
» EXPECTED DELIVERY Q4 2020
“It was always a positive experience with Merritt. In our entire experience with Merritt ‘no’ was not in their vocabulary. It was always ‘we can make that work’ or ‘we can find solutions to your needs’ and that sets Merritt apart.”
GEORGE CARACOST Vice President and General Manager Saab Defense and Security USA
MERRITT TW CROSSING
MERRITT TW CROSSING | PAGE 4
BUILDING 1 HIGHLIGHTS
710’
40’
BUILDING 1 106,100 SF
110’
300’
40’
180’
70’
410’
NORTH
BUILDING SIZE
TRUCK COURT
106,100 SF
±180 ft.
WAREHOUSE/OFFICE SF
LIGHTING & POWER
Per Tenant’s Specifications
Per Tenant’s Specifications
BUILDING DIMENSIONS
PARKING RATIO
710’ x 180’
1.8/1,000 SF
BAY SIZE
SPRINKLER SYSTEM
± 3,300 SF to ± 7,200 SF
Wet System
COLUMN SPACING
DOCK-HIGH DOORS
40’ x 40’ (typical)
Twenty-Two (22)
EXTERIOR CONSTRUCTION
DRIVE-IN DOORS
Concrete Tilt-Up
Ramped Drive-In Doors Available
CEILING HEIGHT
EXPECTED DELIVERY
24’ Clear
Q4 2021
MERRITT TW CROSSING | PAGE 5
BUILDING 2 HIGHLIGHTS
720’
30’
50’
BUILDING 2 91,170 SF
66’
30’
120’
786’
70’
NORTH
BUILDING SIZE
TRUCK COURT
91,170 SF
±150 ft.
WAREHOUSE/OFFICE SF
LIGHTING & POWER
Per Tenant’s Specifications
Per Tenant’s Specifications
BUILDING DIMENSIONS
PARKING RATIO
786” x 120’
1.9/1,000 SF
BAY SIZE
SPRINKLER SYSTEM
± 2,100 SF to ± 3,600 SF
Wet System
COLUMN SPACING
DOCK-HIGH DOORS
30 ft. x 30 ft. (typical)
Twenty-Six (26)
EXTERIOR CONSTRUCTION
DRIVE-IN DOORS
Brick Masonry
Ramped Drive-In Doors Available
CEILING HEIGHT
EXPECTED DELIVERY
18’ Clear
Q2 2021
MERRITT TW CROSSING | PAGE 6
BUILDING 3 HIGHLIGHTS
331’
30’
30’
BUILDING 3 38,320 SF
90’
52’
30’
473’
60’
NORTH
BUILDING SIZE
TRUCK COURT
38,320 SF
±150 ft.
WAREHOUSE/OFFICE SF
LIGHTING & POWER
Per Tenant’s Specifications
Per Tenant’s Specifications
BUILDING DIMENSIONS
PARKING RATIO
471’-8” X 90’
2.9/1,000 SF
BAY SIZE
SPRINKLER SYSTEM
± 1,800 SF to ± 2,700 SF
Wet System
COLUMN SPACING
DOCK-HIGH DOORS
30 ft. x 30 ft. (typical)
Sixteen (16)
EXTERIOR CONSTRUCTION
DRIVE-IN DOORS
Brick Masonry
Ramped Drive-In Doors Available
CEILING HEIGHT
EXPECTED DELIVERY
18’ Clear
Q1 2021
MERRITT TW CROSSING | PAGE 7
BUILDING 4 HIGHLIGHTS
3000 S Miami Blvd
512’
20’
64’
30’
BUILDING 4 48,650 SF
70’
30’
90’
70’
486’
20’
NORTH
BUILDING SIZE
TRUCK COURT
48,650 SF
±110 ft.
WAREHOUSE/OFFICE SF
LIGHTING & POWER
Per Tenant’s Specifications
Per Tenant’s Specifications
BUILDING DIMENSIONS
PARKING RATIO
576’ x 90’
2.1/1,000 SF
BAY SIZE
SPRINKLER SYSTEM
± 2,100 SF to ± 2,700 SF
Wet System
COLUMN SPACING
DOCK-HIGH DOORS
30 ft. x 30 ft. (typical)
Four (4)
EXTERIOR CONSTRUCTION
DRIVE-IN DOORS
Brick Masonry
Ramped Drive-In Doors Available
CEILING HEIGHT
EXPECTED DELIVERY
18’ Clear
Q4 2020
MERRITT TW CROSSING | PAGE 8
AREA AMENITIES
DOWNTOWN DURHAM
MERRITT TW CROSSING
BRIER CREEK SHOPPING CENTER 4 MILES | 9 MINUTES
70
T
W A
L E
X A N D E
R
R I V E
| 2 5 , 0 0 0 V P
D
D
147
540
RESEARCH TRIANGLE PARK
P D
0 V
RDU INT’L AIRPORT
IMPERIAL CENTER 4 MILES | 9 MINUTES
, 0 0
| 3 0
U L E V A R D
PAGE ROAD GRILL
B O
A M I
S . M I
40
540
NORTH
DOWNTOWN RALEIGH
MERRITT TW CROSSING | PAGE 9
PREMIER LOCATION & ACCESSIBILITY
LOCATION & ACCESS
Merritt TW Crossing is positioned in a premier location, just 3 miles from Research Triangle Park, 8 miles from downtown Durham and within 15 miles of three major North Carolina Universities.
DOWNTOWN DURHAM 8 MILES |11 MINUTES
WAKE FOREST 22 MILES | 33 MINUTES
INTERSTATES
MERRITT TW CROSSING
Interstate 40
3.5 Miles
40
Interstate 540
6.5 Miles
540
RDU INT’L AIRPORT 8 MILES |10 MINUTES
US Route 70
4.5 Miles
70
Interstate 440
15 Miles
440
RESEARCH TRIANGLE PARK 3 MILES | 6 MINUTES
AIRPORTS
Raleigh Durham International
8 Miles
Piedmont Triad International
74 Miles
DOWNTOWN RALEIGH 18 MILES | 25 MINUTES
CARY 12 MILES |16 MINUTES
Charlotte Douglas International
155 Miles
SEAPORTS
Wilmington, NC
153 Miles
Morehead City, NC
168 Miles
Norfolk, VA
192 Miles
FUTURE I-540 OUTER LOOP
Charleston, SC
297 Miles
MERRITT TW CROSSING | PAGE 10
TRIANGLE OVERVIEW ONE OF THE FASTEST GROWING MARKETS IN THE NATION Raleigh was ranked and projected to be the #2 Fastest Growing Large U.S. City from 2010 to 2023 by the United Nations Population Division. Additionally, Forbes ranked Raleigh the #3 Best Place for Business and Careers in October 2019. The population for the Raleigh-Durham metro area exhibited growth of over 60% between 2000 and 2016, according to the U.S. Census Bureau and American Community Survey. The 2019 median household income in Wake County stands at $79,970. Income levels are currently increasing at very aggressive rates, and the number of households represented by higher income levels is considerably higher than they were ten years ago and projected to be over $100,000 by 2023.
#2
TOP 100 BEST PLACES TO LIVE IN 2019 by Livability
#2
OVERALL REAL ESTATE MARKETS TOWATCH
IN THE U.S by PwC 2019
#4
MOST EDUCATED CITIES IN THE U.S. (RALEIGH, DURHAM & CHAPEL HILL) by Forbes 2018
MERRITT TW CROSSING
DURHAM
#10
IN OVERALL TECH TALENT, BEHIND MAJOR PLAYERS IN TECH SCENE LIKE SAN FRANCISCO, SEATTLE, NEW
YORK AND AUSTIN by CBRE Research 2019
RESEARCH TRIANGLE PARK
RESEARCH TRIANGLE PARK A KEY ECONOMIC DRIVER
The ResearchTriangle Park (“RTP” or the “Park”) is centrally located between the three major Triangle research universities: Duke University in Durham, UniversityofNorthCarolina inChapel Hill, andNorthCarolina StateUniversity in Raleigh. The Park, with 25million square feet of developed space, is one of the world’s largest and most successful research and development centers in terms of number of jobs created, capital investment and the prestige of companies located there. The Research Triangle Park Drives Raleigh-Durham’s thriving economy. It is projected that over the next fifteen years, employment will increase by 67%, total earnings by 48%, personal income by 46% and total retail sales by 41%.
MORRISVILLE
RALEIGH
CARY
APEX
MERRITT TW CROSSING | PAGE 11
MERRITT TW CROSSING
CONTACT US:
KEITH WALLACE Leasing Director +1 919 526 0070 kwallace@merrittproperties.com
ANN-STEWART PATTERSON, SIOR First Vice President +1 919 831 8207 ann-stewart.patterson@cbre-raleigh.com
AUSTIN NAGY Senior Associate +1 919 831 8197 austin.nagy@cbre-raleigh.com
WWW.MERRITT-TWCROSSING.COM
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