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RALEIGH, N.C. — Meridian Development Group, in a joint venture with Singerman Realty Estate LLC, acquired a 235,404-square-foot industrial property at 3401 Gresham Lake Road in north Raleigh. The new ownership plans to extensively renovate the property into a Class facility known as North 540 Distribution Center. Chris Norvell and Jackson Rives of Cushman & Wakefield | Thalhimer are handling the property’s marketing and leasing responsibilities.