Fidelitone signs lease at 147 Exchange, Trinity Capital’s Industrial Development in RTP
February 13, 2023
Morrisville, NC – Trinity Capital Advisors (“Trinity Capital”) is pleased to welcome Fidelitone to 147 Exchange. The supply-chain management firm has leased 130,850 SF with lease commencement in May of this year.
147 Exchange is located at 933 Ellis near the Durham Freeway/Highway 147 in Raleigh-Durham’s Research Triangle Park industrial submarket. The Class-A industrial building totals 274,370 SF and is wrapping up construction to deliver in February.
CBRE’s industrial team; Ann-Stewart Patterson, Bryan Everett, and Austin Nagy, represented ownership in the transaction. Adam Marshal and Tommy Turner with Newmark represented Fidelitone. With the Fidelitone lease in place, 143,520 SF of space remains available for lease at 147 Exchange. The building features 32-foot clear heights, 52-foot column spacing, 56 dock doors, and two ramped drive-in doors. Parking accommodates 198 cars with an additional 44 trailer parking spots.
“It’s an honor to welcome Fidelitone to 147 Exchange,” said Jeff Sheehan, Managing Partner at Trinity Capital. “We developed 147 Exchange to bring a larger industrial product to a supply-constrained market, and it’s rewarding to see the site and product validated by a respected third-party logistics firm like Fidelitone.”
Trinity Capital is actively investing and developing in multiple projects across the region with a focus on industrial and life science. Additional developments include Alexander Commerce Park (three-building industrial park in Raleigh), Regional Crossroads Park (up to three million square feet of industrial / life science in Sanford), and Spark LS (a 109-acre life science campus in Morrisville). The firm most recently announced their latest acquisition of 154 acres of land in Kannapolis, NC where they will develop 85 Exchange, a Class-A industrial park totaling 1.3 million square feet.
“We’ve been big believers in the Triangle’s industrial market for years,” added Sheehan. “We look forward to continued growth and success within the sector as the region’s popularity continues to grow.”