Welcome Group, a Houston-based, single-tenant real estate developer specializing in manufacturing, lab, warehouse, and distribution facilities, has acquired land in Durham, and is under pre-development activities on an additional site in Graham to develop their high-quality industrial projects as part of the firm's expansion into the state and other high-growth markets throughout the Southeastern U.S.

“The North Carolina Triangle and Triad Regions are strategically positioned halfway between Miami and New York conveniently connecting businesses to the US market. This market is an outstanding area for growth with the largest Research Park in the United States, home to numerous high-tech companies and enterprises, leading universities, and an educated workforce, we feel confident our locations and this market is well positioned for business growth” states Welcome Wilson, Jr., President, and CEO of Welcome Group.

The Durham project for Welcome Group seeks to attract industrial, flex, and life science tenants for the approximately1.3 million square feet of development. The site will be branded as Welcome Venture Park, situated in a premier position on 160-acres off Old Oxford Road, and the future N. Durham Parkway with easy access to Hwy 70 and I-85. Phase 1 development will house 4 flex/ light industrial buildings with varied clear heights, depth, and space opportunities. The City of Durham is currently reviewing Welcome Group’s development plans and, if approved, anticipated openings scheduled for 2023.

This proposed business park will be designed with green space and natural areas creating an inviting location for its tenants. Welcome Venture Park is master-planned to accommodate a variety of businesses from small to large building uses and national logistics and warehousing, lab, and life-tech.

The Graham project, approximately 96 acres located directly off I-40 / I-85, is in the due diligence phase of Welcome Group’s efforts and is currently annexed into the City of Graham and zoned light industrial. The proposed project is being review by the City of Graham and, if approved, would anticipate openings in 2023.

We are thrilled to expand in the rapidly growing Triangle and Triad markets and to fulfill the area’s significant demand for industrial product”, says Ted Kakambouras, Director of Acquisitions, Southeast Region for Welcome Group. With buildings and leasable areas of varying sizes, these projects will allow us to serve a diverse mix of business users and their specific requirements.

RW2 Development Company, a Greensboro, North Carolina based development and consulting firm is handling entitlements and project management for the Welcome Group. “We are extremely pleased to be working with a quality organization as the Welcome Group and to participate in their further investment into the area. The two exciting development projects underway will create a platform for Welcome Group’s portfolio and company growth” states Randy Warren, Principal for RW2 Development Company. For more information visit RW2Devco

About Welcome Group

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.

Welcome Group owns 116 single-tenant industrial properties in Texas the southeast comprising more than 6.5 million square feet. Welcome Group develops and acquires single-tenant commercial, distribution, lab, and manufacturing properties, as well as entire real estate portfolios.

The company offers build-to-suit and design-build services for interested firms. Welcome Group is actively seeking direct purchase and sale-leaseback opportunities throughout Texas and the Southeastern United States. For more information visit welcomegroup.com.