Merritt Properties Approaches Full Occupancy
Merritt Properties is excited to announce that its North Chapel Business Center is close to achieving full occupancy, with only 3,600 square feet of space remaining. A major milestone has been reached with the Chapel Hill Police Department committing to a lease of 58,000 square feet for a new headquarters, which is set to open around mid-2025.
A Fresh Start for the Chapel Hill Police Department
Chapel Hill Police Chief Celisa Lehew expressed her excitement about the new facility. She stated, "We've been on the lookout for a suitable new location for our Guardians of the Hill for quite a while now. This facility will give us the space we need for our innovative initiatives aimed at enhancing community engagement. We're particularly thrilled about the improved training areas for our officers and the expanded facilities for our growing Crisis Unit, ensuring our local community has a more welcoming space to interact with us."
Discover the North Chapel Business Center
The North Chapel Business Center is conveniently located just west of the major intersection of Interstate 40 and Highway 86. This development includes two light industrial buildings that together provide a total of 116,310 square feet, featuring impressive 18-foot clear heights. Merritt acquired the land in 2022 for $2.3 million, which highlights the company's commitment to boosting the local economy and business ecosystem.
A Diverse Array of Tenants
In addition to hosting the police department, the North Chapel Business Center is home to a variety of tenants, including tech firms, medical manufacturers, and recreational facilities. Notably, Pickles and Play offers an engaging pickleball experience, and D-Bat focuses on baseball and softball training. These businesses have chosen to expand into North Chapel due to Merritt's positive reputation, which they experienced at its Capital Business Park in Wake Forest. Additionally, Pickles and Play is gearing up for a third facility as part of Merritt's latest development project, 42 Crossing.
Meeting Community Needs
Keith Wallace from Merritt Properties noted that the significant leasing activity at the North Chapel Business Center indicates a growing need for quality light industrial spaces. He remarked, "We’re proud of our diverse mix of tenants and are eager to fully lease the remaining space. This effort will further contribute to the vibrant growth of the local community while providing homes for emerging businesses."
This initiative aligns perfectly with the goals of local authorities striving to attract businesses and create jobs. David Putnam, the Town's Economic Development Director, commented, "The North Chapel Business Center showcases how our community partners together to create new opportunities and jobs. The establishment of the Millhouse Enterprise Zone has successfully attracted light industrial and flexible users, bolstering our tax base."
Ongoing Growth in the Region
Merritt continues to expand its presence in the Triangle area, managing a remarkable portfolio that encompasses one million square feet of developed space across various projects. They also have another million square feet in various stages of development. Pre-leasing opportunities are available in emerging areas, including Knightdale, Cary, and Wake Forest. Furthermore, Merritt's RDU Business Park provides ample land sales opportunities, reinforcing their position in the commercial real estate landscape.
About Merritt Properties
Founded in 1967, Merritt Properties is a leading full-service commercial real estate company that boasts over 21 million square feet of diverse property types. This includes office, warehouse, industrial, retail, and build-to-suit developments across Maryland, Florida, North Carolina, and Virginia. The company is dedicated to "Creating Homes for Businesses" and prides itself on delivering exceptional service rooted in trust and integrity. Merritt is unique in its long-term approach to building and managing properties, ensuring a customer-first philosophy that fosters lasting partnerships. Every Merritt employee is also a company owner, which enhances their commitment to client success.
Frequently Asked Questions
What is the North Chapel Business Center?
The North Chapel Business Center is a light industrial development by Merritt Properties, featuring several tenants and a strategic location.
Who are some of the tenants at North Chapel Business Center?
Tenants include the Chapel Hill Police Department, Pickles and Play, D-Bat, and others.
What are the dimensions of the North Chapel Business Center?
The center has two light industrial buildings with a combined total of 116,310 square feet and impressive 18-foot clear heights.
When is the Chapel Hill Police Department expected to move in?
The Chapel Hill Police Department is planning 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 planned projects totaling over one million square feet.
