DURHAM, N.C. — Beacon Partners has purchased 119 acres of industrial-zoned land at the intersection of U.S. Highway 70 and Leesville Road in south Durham. Situated two miles south of Raleigh-Durham International Airport and near Research Triangle Park, the site will support the development of approximately 1.3 million square feet of Class A distribution, manufacturing and life sciences space.
The project represents Phase I of Durham Gateway, a 308-acre master-planned campus that will also include 1,750 residential units, offices, shops and restaurants. The City of Durham granted Beacon entitlements for the full 308 acres in September.
Durham Gateway is a joint venture between Beacon, HM Partners and SFRE Holdings. The project team includes Advanced Civil Design (civil engineer) and Merriman Schmitt (architect). Ann-Stewart Patterson, Austin Nagy and John Hogan of CBRE will lead leasing and marketing efforts for the industrial space at Durham Gateway.