SELMA – Eastfield Associates LLC announced Friday it has closed on financing with Dollar Bank to develop a 135,000 square foot (SF) industrial spec building at 101 E. Providence Blvd in Selma. The property is the first to be developed in Eastfield, a 3 million SF mixed-use smart city development to include industrial, retail, medical, hospitality, senior living and residential space located at I-95 Exits 97 and 98 in Johnston County.
The spec building, also known as Building 100, is a state-of-the-art industrial project located in a certified North Carolina Opportunity Zone. The 36’ clear tilt up concrete building is suitable for advanced manufacturing, distribution or warehouse space-to-suit.
Eastfield is partnering with AT&T, Siemens, and Broadband Hospitality (BBH) to create the first smart city development in Johnston County. This building, as well as the entire development, will offer an integrated, intelligent technology infrastructure.
AdVenture Development, a real estate developer and investor of mixed-use properties, serves as project developer for Eastfield, while Arco Design/Build will provide comprehensive design and construction services for Building 100.
AdVenture Development President Kevin Dougherty said, “We look forward to breaking ground on the business park. We’re grateful for the support from the Town of Selma, Johnston County and all of the business leaders and partners who have worked with us throughout the planning and development process.”
About AdVenture Development
AdVenture Development, located in Selma, NC, focuses on commercial real estate development projects. Recent projects include McCandless Crossing, a 1.2 million SF mixed use development with retail, medical, hospitality, office, entertainment, residential and senior living, in Pittsburgh, PA; Triangle East Collaborative (TEC); and the soon-to-be developed Eastfield project, a 3 million SF mixed use project located at Exits 97 and 98 on I-95 in the Triangle East Raleigh metro area.