Durham, North Carolina, 02/21/2025 – Welcome Venture Park proudly announces the signing of 4 new tenants in Phase I, marking a significant stride in the project's advancement.

Phase I, comprising nearly 400,000 square feet of prime leasing space, has attracted a prominent 3PL, Mitsubishi Logistics (dba: Cavalier Logistics) to secure 128,000 square feet within this state-of-the-art industrial, flex and life science development. In addition the Food Bank of Central and Eastern North Carolina has committed to 64,000 square feet and Great Day Improvements and Pep Move combine for 20,400 square feet in phase I.

Ted Kakambouras, Director of Acquisitions, Southeast Region for Welcome Group, expressed enthusiasm, saying, "These early leases and commitments in advance of our construction completion signifies the robust demand for industrial spaces in the Triangle market. It's a testament to the compelling offerings and strategic advantages that Welcome Venture Park provides."

Scheduled for completion in the first quarter of this year, Phase I represents a comprehensive vision for an inviting business park, complemented by green spaces and designed to accommodate a diverse range of businesses, from manufacturing to life sciences.

"We are excited about the activity we have had so far and look forward to signing more tenants into the first quarter. With its close proximity to I-85, we are pulling tenants from several submarkets in the Triangle," stated Larry Lakins, part of the leasing team at Colliers International Raleigh.

Randy Warren with RW2 Development Company (RW2Devco), alongside a consortium of local consultants, is steering the project's development and management, ensuring a seamless trajectory toward success.

Colliers International Raleigh, spearheaded by Larry Lakins, Hunter Willard, Andrew Young and Shields Bennett from the Raleigh Industrial Services Team, is handling the leasing for Welcome Venture Park.

For leasing inquiries and further information, please visit welcomeventurepark.com.

About Welcome Group 

Welcome Group, LLC, owns over 120 industrial properties in Texas and the southeast which comprise over 9 million square feet. The company also offers build-to-suit and design-build services for interested firms.  Welcome Group continues to seek additional acquisition and development opportunities across the Southeastern United States. Ted Kakambouras is the acquisitions director of southeast region and can be contacted at tkakambouras@welcomegroup.com. “We are continuing to expand our footprint across the U.S. and are always interested in attractive new acquisition opportunities”. 

About Cavalier Logistics 

Cavalier Logistics, founded in 1985, is a global leader in full-service logistics solutions for commercial and government sectors generating over $130 million in annual revenue. Specializing in commercial and government sectors, our team of 200+ professionals across 8 U.S. offices ensure exceptional quality in operations spanning 190+ countries. Recently integrated into the Mitsubishi family, our focus areas include General Logistics, Government Services, and Bio-Pharma Healthcare Services. With dedicated leaders and specialists, Cavalier Logistics continues to thrive in meeting the evolving needs of the global market. For more information about Cavalier Logistics, visit cavlog.com or LinkedIn.  

About the Food Bank of Central & Eastern North Carolina 

Among the largest anti-hunger organizations in the United States, the Food Bank of Central & Eastern North Carolina works every day to provide food to people in need while advancing long-term solutions to end hunger in our communities. The Food Bank and our Branch locations serve as the central hub of a network of 700+ partner programs throughout our 34-county region — including no-cost food markets, pantries, meal sites, and a host of initiatives serving children, adults, and seniors. Together, we’re working to overcome hunger and create an environment where everyone in North Carolina can thrive. Stay connected at foodbankcenc.org and @foodbankcenc on Facebook, Instagram, and Twitter/X. 

About Colliers 

Colliers is a globally diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With annual revenues exceeding $4.8 billion, a team of 23,000 professionals, and $99 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn. 

About RW2 Development Company 

RW2 Development Company is a multi-discipline real estate development, entitlement, and asset management company with experience in a regional and national format. RW2's projects range from small-scale land developments to multi-billion-dollar portfolio growth and asset management. Our team has more than 75 years of combined development, construction, leasing, and asset management experience including multi-family, retail, office, light industrial, and business and technology parks located throughout the United States. HOME | Rw2devco