Land

Eastfield Estates

1143 Firetower Rd Selma, North Carolina Estados Unidos 17576

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NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

N/A

NOI Net Operating Income N/A

Cap Rate N/A

Documents

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Key Facts

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.

Last Updated Date: 06 Apr 2020

Sarah Godwin

Director, Capital Markets

License details

NC-270966 SC-108916

+34910602617

Alexis Kaiser

Analyst

+34910602617

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Last Updated Date: 06 Apr 2020

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