Chapel Hill-based real estate private equity group Prudent Growth Partners LLC has purchased a 24,000 square foot industrial flex space in Fuquay-Varina for $2.1 million.

“We continue to be attracted to the southern Wake County areas, such as Fuquay-Varina,” said Tom Hahn, PGP’s president. “This property really made sense to us from a long-term growth standpoint, and is located less than 3 miles from a future I-540 interchange between Garner and Fuquay.”

According to the company, the building is fully leased with tenants, including All My Sons Moving and Triangle Tile and Marble.

“As our economy continues to exhibit an emphasis on online ordering and last-mile logistics, warehouse flex space is in huge demand,” said Hahn, “especially those with multi-tenant spaces. We see lots of upside for well-located buildings like this one in the future.”

According to two Form D fundraising filed with the SEC, PGP has raised a total of $2,476,500 under two separate LLC issuing names: PGP Fuquay Retail LLC, and PGP Goldsboro Commerce LLC.

This deal is the firm’s latest since October, when it purchased a $5.5 million shopping center in Garner; in June, it acquired a $13.35 million apartment complex in Chapel Hill.