Parsons Commercial Group Inc Acquires Industrial Portfolio From Edgewater Ventures In Laurel Hill For $17.5M

18300 Fieldcrest Road & 18400 Fieldcrest Road

$17,500,000

Building Size

—

Asset Type

Industrial

Closing

Apr 11, 2025

AI

The transaction involves a two-property industrial portfolio located at 18300 Fieldcrest Road and 18400 Fieldcrest Road in Laurel Hill, NC. The properties, totaling 559,397 square feet, were sold for $17,500,000 and are fully leased to apparel manufacturer High Life LLC.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $17,500,000
Buyer: Parsons Commercial Group Inc
Seller: Edgewater Ventures & Singerman Real Estate
Brokers: Bill Harrison, Fermin Deoca, Matt Treble & Rob Cochran - Cushman & Wakefield

Cushman & Wakefield facilitated the transaction, representing the sellers, Edgewater Ventures and Singerman Real Estate, in this closed deal involving the industrial portfolio.

Players