Rockpoint's Strategic Expansion: Acquiring Six Industrial Buildings in North Carolina

Rockpoint Expands its Industrial Portfolio in North Carolina

On March 30, 2026, Rockpoint, a prominent real estate private equity firm headquartered in Boston, announced a significant acquisition aimed at enhancing its strategic position in the industrial real estate sector. The firm successfully acquired a total of six high-quality light industrial buildings located in the North Carolina markets of Raleigh and Charlotte. This acquisition not only marks a crucial expansion of Rockpoint's industrial footprint but also targets what is increasingly recognized as a burgeoning growth market in the Southeast region of the United States.

The portfolio includes a total of 279,507 square feet distributed across two locations, featuring three buildings from the Garner Commerce Center in the Raleigh-Durham area, which offers 128,006 square feet, and three additional buildings at the I-77 Commerce Center in Charlotte, contributing 151,501 square feet.

Fred Borges, Senior Managing Director at Rockpoint, emphasized that these acquisitions reflect the firm’s commitment to investing in high-quality, strategic light industrial assets in selected growth markets. "The Southeast, particularly chosen markets in North Carolina, continues to demonstrate a robust demand for industrial space, which reinforces our investment strategy," Borges stated.

Key Details of the Acquisition

The Garner Commerce Center, which was completed recently in 2024, is already 91% leased, housing 16 different tenants. Its advantageous location within Raleigh's Southeast Wake County submarket, just off I-70 and a mile from the planned I-540 highway extension, makes it an attractive site for businesses. Similarly, the I-77 Commerce Center, completed in 2025, is strategically positioned near major access corridors in the Charlotte North submarket, only a mile from I-485, enhancing logistical connectivity.

Ben Harris, the Head of Rockpoint Industrial, noted, "Both Garner and I-77 are ideally located within major submarkets that are recognized as premier logistics and distribution hubs. We are eager to harness our specialized industrial operating expertise to deliver enhanced value for both our tenants and investors in these prime locations."

In the broader context, Rockpoint has successfully invested in approximately 17 million square feet of industrial space since 2020. This includes noteworthy recent acquisitions such as the Eastport Industrial Park in Richmond, Virginia, and One Park Center in Durham, North Carolina.

About Rockpoint

Founded in 1994, Rockpoint is a real estate private equity firm that utilizes a value-driven approach to investment, focusing on specific product types and markets across the United States. The firm is distinguished by a consistent, disciplined investment strategy which spans various investment programs, each designed to target distinct return profiles. Through ongoing market assessment, Rockpoint aims to identify undervalued assets or opportunities misunderstood by the market, seeking investments with significant value potential to realize through effective asset management.

Over nearly three decades, Rockpoint’s founders have sponsored 19 investment vehicles and have engaged in a diverse array of transactions, capitalizing on investment opportunities with a total peak capitalization of approximately $81 billion. For more information about Rockpoint and its operations, please visit Rockpoint's official site.

About Rockpoint Industrial and Rockhill Management

Rockpoint Industrial serves as the exclusive industrial operating partner for Rockpoint, focusing on the acquisition, development, and management of high-quality industrial properties in both primary and growing markets throughout the U.S. Following its establishment in 2021, the Rockpoint Industrial team collaborates seamlessly with both Rockpoint and Rockhill teams to optimally navigate industrial investments.

Rockhill Management, a Rockpoint affiliate, is a dedicated property services management company that manages commercial and residential properties across select U.S. markets. Known for its tailored and responsive approach, Rockhill delivers custom services and premium amenities, creating intentional communities throughout Rockpoint's diverse portfolio. Since its inception, Rockhill has expanded its offerings to encompass property management, project management, and services for properties totaling approximately 61 million square feet.

In conclusion, Rockpoint’s latest acquisition signals a strategic commitment to expanding its industrial reach while capitalizing on strong market demand in North Carolina’s dynamic industrial real estate landscape.