North 540 - Raleigh, N.C.
Gresham Distribution Center, a 235,000 rentable sq. ft., Class C distribution center located in Raleigh, N.C. was purchased in November 2013.
Renamed North 540, (www.north540.com) completed over $2.0 million of capital expenditure upgrades including 50% of roof replacement, truck parking lot renovation, conversion to ESFR fire suppression, signage and landscaping.
After conversion to Class A from Class C property, achieved 100% occupancy by June 2015 from 56% at purchase, sold North 540 in January 2016.