Business
SCOA Real Estate Partners Announces Industrial Projects in North Carolina and Minnesota
SCOA Real Estate Partners (SREP), a wholly owned subsidiary of Sumitomo Corporation of Americas (SCOA), today announced the closing of two Class A industrial real estate development projects in January 2026: an approximately 81,120 -square-foot build-to-suit warehouse in Mooresville, North Carolina, fully leased to QA1, and River Edge Business Center, an approximately 250,117 -square-foot speculative industrial development in Fridley, Minnesota. Both projects feature best-in-class design and spe
About this update from Sumitomo Corporation
[{"type":"text","content":"ATLANTA, Feb. 26, 2026 /PRNewswire/ -- SCOA Real Estate Partners (SREP), a wholly owned subsidiary of Sumitomo Corporation of Americas (SCOA), today announced the closing of two Class A industrial real estate development projects in January 2026: an approximately 81,120 -square-foot build-to-suit warehouse in Mooresville, North Carolina, fully leased to QA1, and River Edge Business Center, an approximately 250,117 -square-foot speculative industrial development in Fridley, Minnesota. Both projects feature best-in-class design and specifications and are expected to attract new business activity while supporting job creation in their respective markets.","length":659,"tagName":"p"},{"type":"image","alt":"Artist Rendering of the Rivers Edge project","displaySize":"","headline":null,"caption":"Artist Rendering of the Rivers Edge project","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":272,"url":"https://media.zenfs.com/en/prnewswire.com/17ece513cc07bdfa8312532c188fc236"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/h_EM6r62kOYQMxH8aottug--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/17ece513cc07bdfa8312532c188fc236","width":400,"height":272}},"href":"https://mma.prnewswire.com/media/2921310/SCOA_Real_Estate_Partners_Artist_Rendering_of_the_Rivers_Edge_project.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Mooresville project is located within the Charlotte metropolitan area in an established industrial park. The facility is fully leased to QA1 Brands, an automotive suspension, chassis, and steering manufacturer, serving street performance, pro-touring, restomod, and competition vehicles. SREP partnered with Trinity Capital Advisors ("Trinity Capital") on the project. Trinity Capital focuses on the acquisition and development of institutional-quality commercial real estate in the southeastern United States and has invested more than $5.8 billion across over 35 million square feet of real estate in the region. The Mooresville facility represents SREP's second industrial project in the Charlotte metro and its first build-to-suit industrial development.","length":781,"tagName":"p"},{"type":"text","content":"The River Edge project in Fridley, Minnesota, is an infill industrial development located within ...