Rockpoint has expanded its industrial footprint in North Carolina with the acquisition of two light industrial parks totaling six buildings in the Raleigh and Charlotte markets. The Boston-based real estate private equity firm did not disclose pricing but described the properties as trophy-quality, infill light industrial assets. Rockpoint plans to manage and operate the newly acquired portfolio in collaboration with Rockhill Management, its dedicated property services affiliate, and Rockpoint Industrial, its exclusive industrial operating partner.
The portfolio includes a combined 279,507 square feet of space across two locations. Three of the buildings are located at Garner Commerce Center, which totals 128,006 square feet and is positioned within the Raleigh-Durham industrial market. The remaining three buildings are at I-77 Commerce Center in Charlotte and comprise 151,501 square feet. Both assets are described as light industrial properties, reflecting continued investor focus on this segment.
Garner Commerce Center reached completion in 2024 and has already achieved a 91% leased rate. The tenant roster at this property includes 16 tenants, suggesting a multi-tenant, small-bay leasing profile, although specific tenant names were not disclosed. The I-77 Commerce Center, which was completed in 2025, adds a recently delivered Charlotte industrial park to the portfolio. Leasing details for the Charlotte property were not provided.
Rockpoint senior managing director Fred Borges said the investments align with the firm's strategy of targeting high-quality, infill light industrial assets in select growth markets. He noted that the Southeast, including selected markets in North Carolina, continues to exhibit strong demand for industrial space. That demand backdrop has supported both recent development and active investment activity in these markets.
With this transaction, Rockpoint further aligns its operating platform with its investment strategy by partnering with Rockhill Management and Rockpoint Industrial to oversee day-to-day management and operations of the properties. The photo associated with the announcement is credited to CBRE, though no brokerage or advisory roles were detailed in the disclosure, and no information was provided regarding financing, seller identity, or capital structure for the acquisition.
