New York firm plans 40-acre industrial park near RTP even as the region’s vacancy rate climbs

Triangle Business Journal reports that Shallow Bay Realty Partners has applied to Durham County to rezone roughly 40 acres on Grandale Drive, west of Highway 55 and near Research Triangle Park, for light industrial use. The proposal would allow up to 360,000 square feet of industrial space across four buildings, marking the firm’s first project in the Triangle, one of seven growth markets it is targeting.

Read the full article in the Triangle Business Journal.

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Shallow Bay Realty Partners Sells 12 Acre, Permit Ready Industrial Site In Nashville, Tennessee Suburb for $6.1 Million