Industrial
Outlined below are DCR industrial real estate listings. For all of the below listings, Dowell Commercial is a seller or landlord agent. For questions about this agency role, please consult the Working With Real Estate Agents brochure (regarding a sale or lease). Please contact us, if you are interested in working with a successful brokerage team on 1) listing your property or 2) buyer / tenant representation. For information on Dowell Commercial’s recent industrial experience, see the brief overview of prior experiences below.
Granite Mill Mixed Use Space For Sale or Lease @ 180 East Main Street, Haw River (Alamance County)
Off of the high traffic I-40 / I-85 corridor, this 33′ industrial asset has great bones and is incentives driven. With concrete floors, typically 40’ spans, three docks, and a fork life ramp, this is very functional warehouse space. While built in 1968, this 61,516 SF property is a National Register asset (contributing structure). This asset is also in a tier II county, an opportunity zone, and is new market tax credit qualified as well. Property has a mixed use zoning and could be an excellent self storage location, brewery, etc. A dropbox with full site information is available upon request. Asking price is $35 SF. Make an offer.
Granite Mill @ 180 West Main Street, Haw River Flyer (1Q23)
Granite Mill Floor Plan (One Half of Available Space & Dock Area)
Gibsonville Square in Minneola Mill @ 108 East Railroad Avenue, Gibsonville (Guilford County)
Varied industrial spaces available for lease with up to 113K total SF available. See property flyers for building specifications and photos. While currently industrial in nature, this asset will be converting to a mixed use property. Certain spaces will stay industrial / retail and others will be repositioned. For a 5+ year termed user, excellent opportunity to have 20K – 65K / 73K+ SF warehouse space with a retail front in a developing downtown. For shorter term users, numerous additional options of up to 37K SF are available for lease in the building next door. All in all, available space of 110K+ SF. After review of the below flyers, contact listing broker for pricing and further details. Please note both flyers advertise the same building, but each has different info related to potential usage.
Gibsonville Square 45-73K SF Flyer Industrial Focused
Gibsonville Square 43-73K SF Flyer Retail Focused
SUCCESS(ES)
LEASE RENEWAL 1Q24 (Landlord Representation): Industrial @ 218 East Main Street, Haw River, NC
In March 2024, DCR renewal of a 44,321 SF industrial tenant for a multi year term. Sean Dowell represented the property owner HRR Building LLC while Mohr Properties represented this tenant.
SOLD 3Q23 (Seller Representation): Industrial / Retail Building Sale @ 1302 West Market Center Drive, High Point (Guilford County)
This 1,162 SF prior gas station, 1,500 SF warehouse building, and .45 acre vacant lot sold for $200K in 3Q23.
LEASED 3Q23 (Landlord Representation): Industrial Lease @ 106 East Railroad Avenue, Gibsonville (Guilford County)
In August 2023, DCR completed another lease extension with 33K SF Carolina Biological at Gibsonville Square.
LEASED 1Q23 (Landlord Representation): Industrial Lease @ 106 East Railroad Avenue, Gibsonville (Guilford County)
In Feb 2023, DCR completed a lease extension with 33K SF Carolina Biological at Gibsonville Square in Minneola Mill.
SOLD 1Q23 (Seller Representation): Industrial (re)Development @ 200 North 13th Street, Erwin (Harnett County)
Turn of the century -1980’s mixed use campus of approx. 1,075,000 SF on 56 acres. In 2016, DCR received this listing after the site sat on the market for numerous years under another professional CRE firm. In 2017, Sean Dowell did a call for offers which resulted in 5+ unacceptable offers. The Erwin mill property had a non-performing test well and generated only cash buyers. The market had spoken. To overcome this issue, ownership embarked on a five year effort for brownsfields with a cost of approx. $4 million dollar. In the meanwhile, the property carried itself with income from 30+ tenants in its leasable 468K SF. This is while 56% and 606K SF of this campus sat vacant due to mixed condition issues. Being proactive in aligning a future redevelopment, DCR both a) leased up this property to full capacity, improving tenant quality where possible, and b) entitled it with the State Historic Preservation Office by getting this property on the NC Study List. In 3Q22, DCR performed a second call for offers highlight a pending 4Q22 brownsfield approval and an excessive amount of property details in an extensive due diligence package. With relevant question answered, this generated numerous acceptable buyer parties and offers. On February 1, 2023, this property sold for $9,500,000.
LEASED 4Q22 (Landlord Representation): Industrial Lease @ 200 North 13th Street, Erwin (Harnett County)
Dowell Commercial Realty completed a 103K SF lease renewal with Professional Builders Supply in December 2022.
LEASED 4Q22 (Landlord Representation): Industrial Lease @ 106 East Railroad Avenue, Gibsonville (Guilford County)
DCR completed a 42K SF lease renewal with The Hardwood Store at the Gibsonville Square mixed use development.
LEASE RENEWAL 4Q22 (Tenant Representation): Industrial Lease @ 130 Eugene Street, Gibsonville (Guilford County)
Sean Dowell represented Fourth Zodiac Inc on another lease renewal of 36,791 SF.
LEASED 2Q22 (Landlord Representation): Industrial Lease @ 106 East Railroad Avenue, Gibsonville (Guilford County)
Having available space due to tenant repositioning, DCR completed a 33K SF lease with Carolina Biological at Gibsonville Square in Minneola Mill.
LEASED 1Q22 (Landlord Representation): Industrial Lease @ 200 North 13th Street, Erwin (Harnett County)
Dowell Commercial Realty leased 50K SF of industrial space to Professional Builder Supply in December 2021. This group expanded in 1Q22 to 103K SF.
LEASE RENEWAL 4Q21 (Tenant Representation): Industrial Lease @ 130 Eugene Street, Gibsonville (Guilford County)
Sean Dowell represented Fourth Zodiac Inc on renewal of 36,791 SF. This is the forth transaction DCR has done with this 3PL and is a renewal of a prior deal done by DCR. The landlord was represented by KW Commercial.
LEASED 4Q21 (Landlord Representation): Industrial Lease @ 218 East Main Street & 180 East Main Street in Haw River (Alamance County)
In November 2021, Dowell Commercial Realty leased 44,321 SF in one building and 15,360 SF in an adjacent building to a recycling company.
SOLD 2Q21 (Seller Representation): Industrial Sale @ 423 Lakeside Avenue, Burlington (Alamance County)
DCR sold a 28K SF national register mill for historic rehabilitation in June 2021. Property sold to an owner / user whom was unrepresented. For more on this asset see, Lakeside Mill, Burlington Flyer, Lakeside History, or this City of Burlington press release on the transaction.
LEASED 1Q21 (Tenant Representation): Industrial Lease @ 130 Eugene Street, Gibsonville (Guilford County)
Sean Dowell represented Fourth Zodiac Inc in leasing 36,791 SF. This is the third transaction DCR has done with this 3PL totaling over 50,000+ SF. The landlord was represented by Rick Gunn and Tori Apple of KW Commercial.
LEASED 4Q20 (Landlord Representation): Industrial Lease @ 108 Railroad Avenue, second floor in Gibsonville (Guilford County)
DCR leased a 16,587 SF industrial space on a month to month basis until development of this historic rehabilitation project.
LEASED 4Q20 (Landlord Representation): Industrial Lease @ 108 Railroad Avenue, suite T2 in Gibsonville (Guilford County)
DCR leased a 6,955 SF industrial space on a month to month basis until development of this historic rehabilitation project.
LEASED 3Q20 (Landlord Representation): Industrial Lease @ 108 Railroad Avenue, suite T3 in Gibsonville (Guilford County)
DCR leased a 6,500 SF industrial space on a month to month basis until development of this historic rehabilitation project.
2Q20 – 3Q20: Covid-19 worldwide shut downs.
SOLD 3Q19 (Buyer Representation): Industrial / Historic Sale @ 106 Railroad Avenue, Gibsonville (Alamance County).
After three years of entitlement work, Three Floors of Vision LLC purchased the national register 58,770 SF Minneola Mill Cloth Warehouse. This industrial CBD asset will be a mixed use and/or multi-family conversion. DCR continues to represent this buyer and has this property on the market for lease as of 4Q19. In 2020, all available space is leased.
LEASED 4Q18 (Tenant Representation): Industrial / Flex Lease @ 7347 West Friendly Avenue, Greensboro (Guilford County)
Referred by Allen Tate’s Charlotte office, DCR represented Your Shirts Ink on their first NC location. Lance Wood represented the tenant and CBRE Triad represented the landlord.
LEASED 1Q18 (Landlord Representation): Industrial Parking Lot Lease @ Haw River Business Center (Alamance County)
LEASED 4Q17 (Landlord Representation): Industrial Lease @ 1317 Railroad Avenue, Burlington (Alamance County)
Lease of approx. 2,135 SF of industrial / automotive space to a local service business. For additional information on this completed listing assignments, see 1317 Railroad Street, Burlington Property Flyer
SOLD 4Q15 (Seller Representation): Industrial Sale of 1139 West Webb Avenue, Burlington (Alamance County)
Sale of an approx. 22,240 SF industrial asset to owner user Beechwood Metal Works. Asset was initially listed in 4Q13. It was leased to numerous temporary tenants to cover ownership’s debt service until a property sale in October 2015. For more information on this asset, see 1139 West Webb Flyer.
SOLD 3Q15 (Seller Representation): Industrial Sale of 406 Banner Avenue, Greensboro (Guilford County)
Representing multinational company ABB, Dowell Commercial Realty sold a 34,000 SF industrial facility in metro Greensboro.
SOLD 3Q14 (Mutual Listing Seller / Landlord Representation): Industrial / Investment Sale of 1101 Hamlin Road, Durham (Durham County)
Disposition of an 325,000 SF prior Mitsubishi circuit manufacturing facility converted to R&D industrial space. At time of sale, building was the national corporate headquarters of KBI Biopharma, a 145,000 SF R&D office tenant. During the time Marcus & Millichap were the investment sale listing brokers, Dowell Commercial simultaneously possessed the listing for the leasing of building vacant space (107,350 SF of office / lab space). DCR brought in numerous potential tenants including a serious 10,000+ SF, ten year industrial tenant (with pending growth to 22,500 SF within five years) and a Fortune 500 full vacancy user. Due to the complications of this property being a chapter 11 disposition, leasing at this property was delayed. Overall M&M and DCR worked in conjunction to aid this seller in successful disposition of this investment sale asset.
LEASED 2Q14 (Landlord Representation): Industrial Lease of 1139 West Webb Avenue, Burlington (Alamance Ciounty)
In 2014, Dowell Commercial Realty leased a 22,240 SF industrial listing on a short term basis to T.S.T Logistics.
SOLD 2Q14 (Seller Representation): Industrial / Land Sale of 1601 Yanceyville Street, Greensboro (Guilford County)
Unique 17 acre infill land and multi-tenant 160,000 SF industrial opportunity near Wendover Avenue and north of downtown Greensboro. Ken Born (of Born Commercial) and Sean Dowell (of Dowell Commercial) worked with property ownership as listing brokers.
LEASED 1Q14 (Landlord Representation): Industrial Lease of 1139 West Webb Avenue, Burlington (Alamance County)
In February 2014, Dowell Commercial Realty leased a 22,240 SF industrial listing on a temporary basis to Alamance Foods. This short term lease provided ownership an income stream while allowing Alamance Foods needed space on a seasonal basis. Alamance Foods vacated this space in June 2014.
LEASED 3Q13 (Landlord Representation) Industrial Lease of 120 Main Street, Haw River (Alamance County)
Dowell Commercial Realty (in conjunction with Born Commercial) represented Haw River Business Center LLC in the leasing of 27,459 SF of high bay, industrial space. At this multi-tenant facility, Sean Dowell and Ken Born have represented ownership in the sales and leasing of approximately 277,500 SF of industrial space between 2011 and 2013. As of completion of this assignment, there is no remaining available space in the industrial component of this mixed use project.