Williams Development Group sold a 400,000-square-foot building within the Young Mills Industrial Center to EQT Exeter for $41 million. The Triad Business Journal reports that Metropolitan Warehouse and Delivery, which has signed a long-term lease, is renting the warehouse at 4023 Maddux Drive in Greensboro.
CBREÂ Triad represented Williams Development in the sale.
Youngs Mill Industrial Center, which sits on roughly 190 acres, is a master-planned project with approximately 2 million square feet of industrial space. The park has different owners. NFI Industrial owns the park’s remaining acreage and is marketing it with CBRE for build-to-suit opportunities.
In addition to the recently sold building, Williams also developed a 280,000-square-foot spec building that sold to Lincoln Property Co. in 2021. Peloton and its parent company, Precor, occupy the building, Williams said.
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