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Pennybacker Capital Buys Raleigh Industrial Building

New Market Strategies Sells 251,314-Square-Foot Facility
Located on a 20-acre site at 3200 Bush St., the industrial building was constructed in 1967 and is positioned just north of Interstate 440 near the booming North Hills district. (Lawrence Hiatt/CoStar)
Located on a 20-acre site at 3200 Bush St., the industrial building was constructed in 1967 and is positioned just north of Interstate 440 near the booming North Hills district. (Lawrence Hiatt/CoStar)
By CoStar News Staff
May 17, 2022 | 7:38 P.M.

Pennybacker Capital has purchased a multi-tenant industrial building in Raleigh, North Carolina, from New Market Strategies.

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