The Daily Record: Merritt Properties signs first lease in North Carolina

By The Daily Record Staff

July 14, 2020

Maryland commercial real estate developer Merritt Properties has started construction on the first of four flex/light industrial buildings at Merritt TW Crossing in Durham, North Carolina.

Columbia-headquartered Shimadzu Scientific Instruments, a subsidiary of Shimadzu Corporation, has leased 7,305 square feet, signing on as the building’s first tenant, as well as the developer’s first tenant in North Carolina.

Located adjacent to Research Triangle Park at the intersection of TW Alexander Drive and S. Miami Boulevard, Merritt TW Crossing will consist of four flex/light industrial buildings totaling 282,471 square feet.  The park is situated on a 51-acre tract purchased by the Maryland-based developer in January of this year.  The first building is expected to deliver by January 2021.

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Source: The Daily Record