Wigeon Capital Sells Greenfield Project

May 21st, 2024

Wigeon Capital Greenfield 27 Garner

NAI Tri Properties announced today the sale of Greenfield 27, Wigeon Capital’s Garner project, which consisted of three Class A Warehouse buildings totaling over 260,000 square feet. The two buildings, 4101 and 4501 Waterfield Drive were purchased by Fox Field Investments for $19,810,000. The buildings are 100% leased to Acousti Engineering and Southern Staircase (4101 Waterfield Drive) and The Macomb Group, Inc. (4501 Waterfield Drive.) The largest building, 600 S Greenfield Parkway, was purchased by the Wake County ABC Board for $27,500,000. The building is 160,000 RSF.

All three buildings are concrete tilt-up construction with 32’ clear ceiling heights and were completed in the first quarter of 2024. These sales check off another landmark project for Wigeon in their development portfolio.

Wigeon Capital is a local, fully integrated, private equity real estate development company providing in-house engineering and construction. Wigeon has approximately 2,000,000 square feet of industrial, self-storage, and multifamily planned or under development in the Southeast.

Jimmy Barnes, Executive Vice President of NAI Tri Properties represented Wigeon Capital on the leasing of the properties. Jimmy Barnes of NAI Tri Properties and Chris Sheldon of Cushman & Wakefield handled the sale transactions on behalf of Wigeon Capital. Pablo Koe-Krompecher of Clifton Property Investment and Charlie Barzola of Eastern Commercial Corporation represented the Wake County ABC Board on the purchase of 600 S Greenfield Parkway.

About NAI Tri Properties: NAI Tri Properties is the Triangle region’s leading full-service commercial real estate company. The firm specializes in all facets of commercial real estate, including sales and leasing, investment sales, development, construction, property management and maintenance, accounting, and marketing. It is part of NAI Global, the largest network of independent real estate firms worldwide.