The industrial project is approved for eight buildings. Phase I of Race Track Logistics will comprise 620,738 square feet across four buildings with an expected completion date by September 2025.
The transaction — which closed Thursday afternoon —was direct with no brokers involved, and an all-cash deal.
The tenants will occupy a combined 7,400 square feet at the soon-to-be-completed mixed-use development.
Designed to provide a single-family home experience, the residences range from 3,300 to nearly 13,000 square feet and offer in-unit elevator access and a private parking garage with each unit.
The project will feature 304 apartments, more than 18,000 square feet of retail, and 63,000 square feet of office space.
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