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Attributes

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
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Alexis Kaiser
Analyst

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Last Updated Date: 06 Apr 2020

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