Merritt Properties Expands Offerings with New Tenants
Merritt Properties Moves Towards Full Occupancy
Merritt Properties is thrilled to share that its North Chapel Business Center is on the path to achieving full occupancy, with just 3,600 square feet of space still available. The recent addition of the Chapel Hill Police Department marks a significant milestone as they have committed to leasing 58,000 square feet for a modernized headquarters, with plans to move in around mid-2025.
New Beginnings for the Chapel Hill Police Department
Chapel Hill Police Chief Celisa Lehew expressed enthusiasm regarding the new headquarters. She emphasized, "We've been searching for a suitable new location for our Guardians of the Hill for some time now. This facility will provide us with the necessary space for our innovative initiatives that are focused on the community. We are particularly excited about the improved training areas for our officers and the expanded facilities for our growing Crisis Unit, ensuring our local community members have a more welcoming space to interact with us. "
About the North Chapel Business Center
The North Chapel Business Center is strategically situated just west of the major intersection of Interstate 40 and Highway 86. This development includes two light industrial buildings, which together span 116,310 square feet, and feature impressive 18-foot clear heights. The land was acquired by Merritt in 2022 at a price of $2.3 million, showcasing the commitment to enhancing the local economy and business landscape.
A Diverse Tenant Mix
In addition to the police department, the North Chapel Business Center is proud to host a variety of tenants, including technology companies, medical manufacturers, and recreational facilities. Among them are Pickles and Play, a vibrant pickleball facility, along with D-Bat, which specializes in baseball and softball training. These businesses have drawn on Merritt's reputation, having been successful at their Capital Business Park in Wake Forest, leading them to expand into the North Chapel location. Moreover, Pickles and Play is planning a third facility as part of Merritt's latest development, 42 Crossing.
Addressing Community Needs
According to Keith Wallace from Merritt Properties, the high leasing activity at the North Chapel Business Center signifies the increasing demand for quality light industrial spaces. He noted, "We are proud to maintain a diverse range of tenants and are eager to fully lease the remaining space. This will further contribute to the vibrant growth of the local community while providing homes for emerging businesses."
This initiative aligns seamlessly with the goals set forth by local authorities to attract businesses and create jobs. David Putnam, the Town's Economic Development Director, remarked, "North Chapel Business Center exemplifies how our community collaborates with partners to foster new opportunities and job creation. The establishment of the Millhouse Enterprise Zone has successfully brought in light industrial and flex users, enriching our tax base."
Ongoing Expansion in the Region
Merritt continues to expand its footprint in the Triangle area, managing an impressive portfolio that includes one million square feet of developed space across various construction projects. They currently have another million square feet in various stages of development. Pre-leasing opportunities are available in up-and-coming areas such as Knightdale, Cary, and Wake Forest. Moreover, Merritt's RDU Business Park offers ample land sales opportunities, further solidifying their position in the commercial real estate landscape.
About Merritt Properties
Established in 1967, Merritt Properties is a premier full-service commercial real estate company boasting over 21 million square feet of diverse property types, including office, warehouse, industrial, retail, and build-to-suit developments across Maryland, Florida, North Carolina, and Virginia. The firm prides itself on its commitment to "Creating Homes for Businesses" and offers exceptional service grounded in trust and integrity. Merritt is distinctive in that it builds for the long term and manages its properties internally, ensuring a customer-first approach that fosters enduring partnerships. Each Merritt employee is also an owner of the company, enhancing their dedication to the success of their clients.
Frequently Asked Questions
What is the North Chapel Business Center?
The North Chapel Business Center is a light industrial development by Merritt Properties that features multiple tenants and is strategically located.
Who are some of the tenants at North Chapel Business Center?
Tenants include the Chapel Hill Police Department, Pickles and Play, and D-Bat, among others.
What are the dimensions of the North Chapel Business Center?
The center consists of two light industrial buildings with a total area of 116,310 square feet and 18-foot clear heights.
When is the Chapel Hill Police Department expected to move in?
The Chapel Hill Police Department plans to move into their new headquarters by mid-2025.
Is Merritt Properties involved in other developments?
Yes, Merritt Properties is actively expanding across the Triangle area with ongoing and proposed projects totaling over one million square feet.
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