Welcome Venture Park proudly announces the signing of an undisclosed 3PL as the first tenant 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 to secure 128,000 square feet within this state-of-the-art industrial, flex and life science development.

Ted Kakambouras, Director of Acquisitions, Southeast Region for Welcome Group, expressed enthusiasm, saying, "This inaugural lease signing 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 third 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.

Dale M. Hoxie, Principal Broker/President of Barrett Industries, represents the tenant in this significant transaction.

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 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”.

Welcome Group, LLC owns over 120 industrial properties in Texas and the southeast which comprises of over 7 million square feet. The company also offers build-to-suit and design-build services for interested firms.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.

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.