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Property Description
Unique 91 Acre Residential
Development Opportunity In The
Raleigh MSA – Selma, NC
Investment Highlights
- Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been
- retained as the exclusive sales representative for Eastfield Estates a +/- 91 -acre
- residential development opportunity in one of the fastest growing submarkets of
- the Raleigh MSA in Johnston County. In the past twelve months, Johnston County,
- “JoCo”, has announced over $340MM in new projects coming to the area. The
- property is well-positioned as it is located less than 20 minutes to Novo Nordisk,
- which employees 1,400 people and has a new $2B plant set to come online in 2021,
- and Grifols, who has 1,650 employees and $200M investment for a 150,000 SF
- expansion underway, making them two of the top five employers in Johnston County.
- Eastfield Estates is part of a larger development already in motion, including the
- former JR building that will be transformed into a 13,000 sf food hall and will
- feature 10 local NC vendors among other commercial expansion. Eastfield Crossing
- could bring up to 3,000 jobs to the area, including those in medical, industrial and
- manufacturing. Plans for the project also include an area for people to enjoy biking
- and jogging, a farmers market, and hotels. Eastfield Estates also provides easy access
- to US-70, which makes the commute 35 minutes to downtown Raleigh and I-95 which
- provides excellent regional connectivity.

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