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RALEIGH – CBRE|Raleigh’s Industrial & Logistics Services group is pleased to announce it has been awarded the leasing assignment of Trinity Capital Advisors’ newest industrial development, 147 Exchange. The Class A industrial park will reside on the company’s recently purchased 20 acres in Durham at 923 Ellis Road.

147 Exchange will serve the growing demand of large industrial space in the Triangle calling for over 270,000 square feet of space. The site is located minutes from the Durham Freeway and Highway 147 in the heart of the renowned Research Triangle Park.

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“We are excited to partner with Trinity Capital Advisors on their latest project. The industrial market has continued to boom in the Triangle, leaving opportunity for developers to grow their footprint and capitalize on the demand. 147 Exchange will help serve this growing need for large space and offer tenants a single-building opportunity in the heart of RTP,” said Executive Vice President Bryan Everett.

CBRE|Raleigh’s Everett, Ann-Stewart Patterson and Austin Nagy will manage the leasing responsibilities for the park. The team also handles the leasing for Trinity Capital Advisor’s Alexander Commerce Park in RTP. The Class A speculative industrial park was announced earlier this year and will deliver three buildings totaling 441,072 square feet.

CBRE|Raleigh is a CBRE office serving the Triangle region and is a joint venture between local principals and CBRE Group, Inc. The firm assists real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. In 2020, the Raleigh office completed $2.4 billion of sales and leasing transactions. Please visit our website at www.cbre.us/raleigh.