M.D. Hodges principals couldn't be reached at GlobeSt.com's publication deadline. But area industrial brokers familiar with the Fayetteville Road-Interstate 85 submarket tell GlobeSt.com on condition of anonymity the asking average rent is $4 per sf for comparable space.
Exel is taking 289,106 sf at 4800 Coates Drive for five years and 174,584 sf at 5010-B Terminus Drive for 10 years. Southpark is located at 505 Fayetteville Road near I-85.
Exel plans to use the Terminus Drive site for distributing PPG Industries paint products. The Coates Drive location will be used for warehousing and distributing Scotts lawn and garden products.
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