Boston-based investment firm Rockpoint is doubling down on the Carolinas, announcing Monday that it has acquired six light industrial buildings in the Raleigh and Charlotte markets, a move that adds about 279,507 square feet to its Southeastern portfolio. The deal includes three shallow-bay buildings at Garner Commerce Center near U.S. 70 and three buildings at the I-77 Commerce Center in north Charlotte. Rockpoint said it will operate the properties in partnership with Rockhill Management and Rockpoint Industrial, and did not disclose terms of the transaction.
According to Connect Commercial Real Estate, the purchase totals roughly 279,507 square feet, split between about 128,006 square feet in Garner and roughly 151,501 square feet at the I-77 campus in Charlotte. Connect CRE also reports that the Garner complex reached completion in 2024, while the Charlotte park wrapped up in 2025.
Garner Commerce Center In The Triangle
The Garner Commerce Center is a Class A, three-building shallow-bay park totaling about 128,000 square feet and is listed with CBRE. The CBRE listing notes the park stretches along U.S. 70 at 2545 to 2585 U.S. 70 and is designed with flexible suite sizes, with roughly 18-foot clear heights aimed at light manufacturing users and small-bay distributors that want modern space without going out to the big-box fringes.
I-77 Commerce Center In North Charlotte
The I-77 Commerce Center sits on 21 acres at 9905 Statesville Road and is laid out as a three-building light industrial campus totaling roughly 149,700 to 151,500 square feet, based on developer materials. Greenberg Gibbons lists Buildings 1 and 2 at approximately 35,040 square feet each and Building 3 at about 79,620 square feet, emphasizing the park's quick access to both I-77 and the I-485 beltway for regional distribution.
Rockpoint's Broader Industrial Push
“These investments reflect our focus on high-quality, infill light industrial assets in select growth markets,” Fred Borges, a senior managing director at Rockpoint, said in the announcement reported by Connect Commercial Real Estate. The move follows a familiar playbook for the firm. In November, Rockpoint laid out a similar Southeast industrial strategy when it announced the acquisition of the eight-building Eastport portfolio in Richmond, Virginia, in a Rockpoint press release, which also stated that Rockhill Management and Rockpoint Industrial would oversee operations there.
What This Means For Local Markets
The new buys drop fresh, small-bay product into two corridors that local players have been betting on for years. In the Triangle, Garner sits along U.S. 70 near the planned I-540 expansion, according to the Town of Garner's product update, a location that positions tenants for quick moves across the metro once the highway work is finished. In Charlotte, the I-77 Commerce Center gives users direct access to the I-77 and I-485 loop, a setup that logistics, light manufacturing and regional distributors tend to prize.
Local marketing materials and brokers have consistently argued that infill, shallow-bay industrial parks like these are in short supply relative to demand from e-commerce operators, light manufacturers and regional distribution outfits that want ready-to-occupy space close to rooftops. Rockpoint did not disclose a purchase price and did not offer additional commentary beyond the basic transaction details, but Rockhill Management and Rockpoint Industrial are expected to handle leasing and day-to-day operations. For tenants on the hunt for modern, small-bay space in Raleigh and Charlotte, the deal quietly adds another institutional landlord into an already tight corner of the market.
