Closing Announcement: Rock Creek Industrial - JV Equity Sponsor For Crow Holdings Industrial Development

Overview

Rock Creek Center is a new Class A industrial development strategically located along the I-85 corridor in Whitsett, North Carolina between Greensboro and Burlington. The project consists of two rear-load buildings totaling 422,568 square feet across 36 acres, featuring 36-foot clear heights, 205-foot shared truck courts, and flexible configurations suitable for logistics and advanced manufacturing tenants. The development delivers modern functionality in a proven industrial park that already includes Amazon, FedEx, Duke Energy, Lenovo, and Ralph Lauren.

Location Advantage

The Piedmont Triad sits at the heart of North Carolina’s “Carolina Core,” one of the state’s fastest-growing economic regions. The site benefits from direct access to I-85 and proximity to both Charlotte and Raleigh-Durham, allowing same-day reach to more than half of the U.S. population. Twenty minutes east, Toyota’s $13 billion battery manufacturing facility is now under construction - an anchor investment expected to generate thousands of direct and supplier jobs. The surrounding corridor continues to attract significant attention from logistics and manufacturing users seeking high-quality space with connectivity, labor access, and competitive operating costs.

Partnership

Rock Creek Center is being developed in partnership with Crow Holdings Industrial, one of the nation’s most active industrial developers. Crow’s ongoing expansion along I-85 reflects its long-term strategy to deliver institutional-grade product in undersupplied logistics markets throughout the Southeast. BCP’s partnership with nationally renowned Crow reaffirms the success of our zero-fee, high-preferred-return model to draw partnerships with best-in-class platforms like Crow Holdings Industrial, aligning interests and mitigating risk for investors. This alignment provides institutional transparency while pairing Crow’s execution capabilities with BCP’s disciplined capital platform.

Market Context

The Piedmont Triad has emerged as one of the Southeast’s most balanced and resilient industrial markets. Over the past five years, the region has averaged more than 2.4 million square feet of annual net absorption, with Class A vacancy holding below 8% despite consistent new deliveries. Construction starts have slowed meaningfully, with approximately 1.0 million square feet now underway across the market - setting up tightening fundamentals and limited new supply over the next year. Demand continues to be driven by e-commerce, third-party logistics, and advanced manufacturing users, many tied to North Carolina’s growing clean energy and automotive supply chain. The Triad’s strong infrastructure, anchored by Interstates 40, 85, and 73, and the expanding cargo operations at Piedmont Triad International Airport, continues to position the region as a key link between major Southeastern metros and the Mid-Atlantic.

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