Merritt Properties Approaches Full Occupancy at North Chapel Business Center
Merritt Properties is excited to announce that the North Chapel Business Center is nearly at full capacity, with just 3,600 square feet remaining available. Recently, the Chapel Hill Police Department secured a lease for 58,000 square feet to set up their new headquarters, planning to move in by mid-2025.
Boosting Community Engagement
Chapel Hill Police Chief Celisa Lehew shared the department's enthusiasm, saying, "We've been looking for a new home for our Guardians of the Hill for quite a while. This new location will give us more space to focus on our innovative, community-driven work. It will also feature improved training areas for our officers and extra room for our expanding Crisis Unit, making it a welcoming spot for local community members."
Strategic Location and Growth
Conveniently located just west of a major interstate, the North Chapel Business Center consists of two light industrial buildings that span a total of 116,310 square feet, showcasing impressive 18-foot clear heights. Merritt Properties acquired this property in 2022 for $2.3 million as part of a broader initiative to promote growth in the region.
A Diverse Tenant Mix
Alongside the Chapel Hill Police Department, the North Chapel Business Center has attracted a diverse selection of tenants. This includes technology companies, medical manufacturers, a residential service provider, and businesses in recreational sectors. Notably, Pickles and Play, a well-liked pickleball facility, and D-Bat, a baseball and softball training center, have both expanded to this center, opening second locations after finding success at Merritt's Capital Business Park in Wake Forest. Additionally, Pickles and Play is gearing up to launch a third facility at Merritt's latest project, 42 Crossing, in Garner.
Commitment to Community Development
Keith Wallace of Merritt Properties commented, "The leasing activity at North Chapel Business Center reflects the growing demand for quality small-bay light industrial spaces in the area. We're committed to supporting various tenants, aligned with our goal to fill the remaining space, further contributing to the growth of this vibrant community and providing homes for businesses."
A Collaborative Vision for the Future
This development not only aims to meet Merritt's business goals but also aligns with the Town's objectives to attract businesses to the area. David Putnam, the Town's Economic Development Director, remarked, "North Chapel Business Center is a prime example of how we can work together with our partners to enhance opportunities and create jobs within our community. The establishment of the Millhouse Enterprise Zone is crucial for attracting light industrial and flex users, which helps diversify our tax base."
Plans for Future Expansion
Merritt is actively working to expand its presence in the Triangle area, currently developing one million square feet, with another million square feet proposed or under construction in various locations. There are pre-leasing opportunities for light industrial spaces available in nearby regions. Moreover, Merritt's RDU Business Park is currently offering land sales opportunities that enhance the regional economy.
About Merritt Properties
Founded in 1967, Merritt Properties is a full-service commercial real estate firm managing over 21 million square feet across several states, including Maryland, Florida, North Carolina, and Virginia. With a strong commitment to "Creating Homes for Businesses," Merritt is known for its dedication to high-quality service. The company uniquely manages all properties internally as part of a long-term strategy, fostering values like trust, integrity, and respect, which ensures that every employee's investment in the company translates into a commitment to customer success. For more information about Merritt Properties, visit their official site.
Frequently Asked Questions
What is North Chapel Business Center?
North Chapel Business Center is a commercial property developed by Merritt Properties that accommodates various businesses with light industrial spaces.
Who are the new tenants at North Chapel Business Center?
The newest tenant is the Chapel Hill Police Department, which has secured a significant area for their new headquarters.
What types of businesses can be found at the center?
The center hosts a variety of tenants including technology firms, medical manufacturers, recreational facilities, and service providers.
What are the future plans for Merritt Properties?
Merritt Properties aims to expand its presence in the Triangle area, with several projects at various development stages.
How can businesses inquire about leasing space?
Businesses interested in leasing space at North Chapel Business Center can reach out directly to Merritt Properties for available opportunities and more information.
