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American City Business Journals
Raleigh building used by Amazon, Wake Tech trades for $46 million
An industrial warehouse in Raleigh that houses a Wake Tech education center and an Amazon fulfillment center has been sold to a private equity firm in Texas for $46.75 million. Pennybacker Capital Management, based in Austin with offices in Charlotte, Denver and New York, purchased the 19.79-acre property at 3200 Bush Street from New Market Strategies of Stuart, Florida, according to a Wake County deed recorded May 12. In 2016, Roy M. Warren, New Market’s president, bought the land and the 252,000-square-foot warehouse, built in 1967, for over $20 million.
