**Wake Stone Expands Final Building at Hinton Oaks Industrial Park by 30 Percent**
Wake Stone Property Company has announced a 30 percent increase in the size of its seventh and final building at Hinton Oaks Industrial Park in Knightdale, North Carolina. The decision reflects strong market demand, as the company aims to maximize usage of the available site.
Hinton Oaks Industrial Park, which broke ground in 2013, comprises seven buildings totaling approximately 1.2 million square feet. Five of those buildings are currently leased to prominent tenants such as 84 Lumber, Daltile, Chadwell Supply, Spectrum Paint, and Eaton.
Site work on the expanded final building is scheduled to begin this summer, with vertical construction expected in early 2026. The building is projected to be completed and delivered by early 2027. Meanwhile, leasing is still underway for the sixth building, which has not yet secured a tenant.
Project partners include Williams Realty & Building Company as the general contractor, Piedmont Land Design as the civil engineer, and Merriman Schmitt Architects of Charlotte as the architect. Financing for the sixth building was provided by First Citizens Bank. Each of the final two buildings is estimated to cost between $20 million and $25 million.
Wake Stone’s expansion signals a bullish outlook on the Raleigh-area industrial market, highlighting continued interest and growth in the warehouse and distribution sector.
