SkyREM, LLC is pleased to announce the recent acquisition of 880 Technology Drive, a 185,000 square foot industrial facility located in Fayetteville, North Carolina. The building is 100% leased to two credit tenants – a delivery services company, and a supply chain solutions provider. Ideally positioned along I-95, the building has exceptional regional connectivity via seamless access to a network of major transportation thoroughfares, including I-295, I-74 and I-40 and more.
SkyREM owns over 1,000,000 square feet in the Fayetteville market with additional ground-up development projects in the pipeline.
“We are pleased to complete the acquisition of this mission critical facility. This is our second acquisition in Fayetteville and we are committed to growing our presence in the market.” said Alex Dembitzer, Founder of SkyREM. “We will soon be breaking ground on two Class A speculative development projects in the market and hope to have them completed in the first quarter of 2022.” You can read more about our first Fayetteville acquisition here.
Built in 1997, with extensive renovations completed in 2020, the cross-docked property features 25’ clear heights, attractive concrete tilt-up construction, and possesses institutional quality features throughout, such as ESFR sprinklers, premium dock packages and full concrete truck courts with an abundant amount of trailer parking.
Marc Civitillo, Managing Director of Acquisitions at SkyREM, commented “In a time where opportunities to acquire fully leased, institutional quality industrial properties with credit-grade tenants are few and far between, the acquisition of 880 Technology Drive stands out. This acquisition is part of our strategic plan to acquire well located distribution facilities in strong markets.”