Foundry Commercial Leases 293,964 Square Feet of Warehouse Space to Durham-based Implus Footcare
Posted on September 18, 2018
(Clayton, N.C.) Sept. 18, 2018 — Foundry Commercial, a full-service real estate services and investment company with operations across the Southeast and Texas, has leased the remaining 293,964 square feet of the of the 706,405 square-foot Carolinas Distribution Center located on 977 Shotwell Road in Clayton to Durham-headquartered Implus®, a provider of athletic, fitness and outdoor accessories. With this recent lease, Implus is now one of the largest industrial tenants in the Raleigh-Durham region.
Alexis Lambeth, Senior Vice President, and Jim Allaire, Managing Director of Foundry Commercial’s Raleigh office, represented the landlord in this transaction. Hunter Willard, Director, Larry Lakins, Senior Director, and Andrew Young, Associate with Cushman & Wakefield, represented Implus.
“We are excited Implus Footcare recognized all the attributes of the Carolinas Distribution Center, and we are happy to welcome them to the property,” commented Dean Stuart, Vice President for Crown West Realty, the owner of the industrial park within which the Carolinas Distribution Center is located.
Implus provides innovative athletic, fitness, and outdoor accessory products ranging from footcare and seasonal accessories to fitness and recovery solutions. Implus' family of brands includes Sof Sole®, Balega®, Yaktrax®, apara®, Airplus®, Sneaker Balls®, Sof Comfort®, Little Hotties®, Penguin®, Perfect Fitness®, ICETrekkers®, FitDeck®, DryGuy®, TriggerPoint™, Harbinger®, FuelBelt®, Spenco®, STABIL® and now SKLZ®. Implus distributes to more than 75,000 retail outlets across North America and in 70 countries worldwide.
The Carolinas Distribution Center is now 100 percent leased following the Implus transaction. The Foundry Commercial Raleigh Industrial team represents many of the largest institutional landlords across the country.
Foundry Commercial's Raleigh office, which opened in 2016, boasts more than 30 brokers, property management professionals and administrators to serve a growing client base throughout North Carolina.
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with 300 associates and more than 48 million square feet of management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the Country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than $1 billion in advantaged investment opportunities in partnership with its clients. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2016 through a management-led buyout. For more information, visit www.foundrycommercial.com.
Media Contact for Foundry Commercial:
Lauren Leetun, APR