St. John Properties has recently acquired a 30-acre site in Wake Forest, North Carolina for the purpose of developing Wake Forest Exchange, a dynamic mixed-use business community spanning over 165,000 square feet. This development will feature flex/R&D spaces, single-story commercial offices and retail spaces. Conveniently located near Star Road and South Main Street in Wake Forest, this project is set to commence its first phase of development in early 2024.
The initial phase includes the construction of two flex/R&D buildings totaling approximately 95,000 square feet along with an office building covering an area of 25,000 square feet and a retail building spanning over10 ,000 square feet – making it a total of130 ,000squarefeet . The remaining buildings will be developed based on leasing demand with plans to complete the entire project by2027 . Upon completion at full capacity,the project is expected to generate nearly500jobs.
This exciting news about St.Johns Properties’ progress on theirWakeForestmixed-useproject can be found exclusively on Connect CRE’s platform.
