Welcome Group Leases 100,100 Square Feet At Welcome Venture Park In Durham, NC

The property involved in the transaction is a full-building industrial lease at 1539 Hamlin Road, situated in Durham, North Carolina. The asset encompasses a total area of 100,100 square feet and is located within Welcome Venture Park. The lease was signed by Welcome Group with an undisclosed tenant, contributing to Phase I of the development being over 90% leased.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 1539 Hamlin Road
• Market: Durham, NC
• Square Footage: 100,100
• Landlord: Welcome Wilson Jr. - Welcome Group
• Landlord's Representation: Andrew Young, Larry Lakins, Hunter Willard, Shields Bennett - Colliers
• Tenant's Representation: Doug Brock - Newmark

This lease transaction represents a significant collaboration between multiple parties, with Welcome Group engaging Colliers to represent them, while Newmark acted on behalf of the undisclosed tenant. This involvement of experienced brokerage firms highlights the strategic arrangements made to facilitate the lease at this industrial site.