Stotan Industrial is pleased to announce the acquisition of 40-acre site in Fuquay-Varina, North Carolina. This marks our official entry into the rapidly growing Raleigh-Durham market - one of the Southeast’s most dynamic and competitive industrial corridors.

Located at 200 Dickens Road, just east of NC-55, Stotan Crossings 55, a $70 million, Class-A industrial park, will feature three state-of-the-art buildings, totaling 486,000 square feet. The development will offer flexible layouts, Class-A specifications, and direct access to NC-55, with convenient proximity to Highways 540 and US-401, ensuring strong regional and national connectivity.

As the first large-scale, institutionally designed industrial development in Fuquay-Varina in decades, Stotan Crossings 55 addresses a long-standing gap in the market for high-quality, shallow-bay, industrial space. The site is zoned for heavy industrial use, allowing for a broad range of industrial operations and offering maximum flexibility for prospective users - a rare advantage in an increasingly constrained infill market. The project also benefits from a Brownfields Agreement, providing significant real estate tax incentives for future tenants over a five-year period.

Strategically located in one of the nation’s fastest-growing markets, Stotan Crossings 55 is designed to meet rising demand for industrial space. Driven by the region’s rapid population growth, the prestige of the Research Triangle, and access to a highly skilled workforce, the project is well-positioned to capitalize on the area's strong economic fundamentals and ongoing expansion.

“The acquisition of 200 Dickens is a great opportunity for Stotan to convert a well-located, blighted site into a cutting-edge industrial park, which will bring a wide variety of businesses & industries in the growing South Wake County region. The entire Stotan Team is extremely excited to announce this as our initial project in North Carolina!” Ben Harris, SVP - Market Officer, Carolinas‍‍‍