SCOA Real Estate Partners (SREP), a wholly owned subsidiary of Sumitomo Corporation of Americas (SCOA), 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, N.C., and River Edge Business Center, an approximately 250,117-square-foot speculative industrial development in Fridley, Minn.
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 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.
The River Edge project is an infill industrial development located within the Minneapolis–St. Paul metropolitan area. The approximately 250,000-square-foot warehouse boasts 36-foot clear heights and 5,000 amps of power. SREP partnered with Endeavor, one of the most experienced developers in the Minneapolis region, developing over three million square feet of industrial buildings.
“These two investments reflect our core strategy of partnering with the best developers in our target markets and delivering projects that towns, companies and their employees will be proud of,’ said Tyler Darden, senior vice president and head of industrial Investments at SCOA Real Estate Partners.
“We are excited to embark on the development of River Edge with SREP. This project is another example of our efforts to identify the most attractive infill sites in the market and to work creatively and collaboratively with relevant stakeholders to re-envision and re-purpose obsolete buildings into new facilities that serve our clients and the communities they operate in. We’re thankful for the partnership of SREP as we continue on this journey.” Said Josh Budish, founder of Endeavor Development.
“We’re excited for this new partnership with SREP and the opportunity to work with QA1,” said Jordan Quinn, partner, Industrial at Trinity Capital. “SREP’s successful investment strategy and our proven development experience will deliver a best-in-class asset that supports QA1’s continued growth and success.”
Both transactions closed in January 2026.
