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Beacon Partners Snags 520K-SF Last-Mile Industrial Facility in Raleigh
Beacon Partners has acquired 2728 Capital Blvd., a 520,431-square-foot, last-mile industrial facility in Raleigh, N.C. The sales price was not disclosed.
Situated on 32 acres within an Opportunity Zone, the property is nearby Downtown Raleigh in the Raleigh-Durham Industrial market. Patrick Nally, Pete Pittroff, Dave Andrews and Michael Scarnato of JLL represented the seller, SharpVue Capital, in the transaction.
“We bought it off-market at an attractive price, we added value through leasing and by entering the site into the N.C. Brownfields program and we sold into a supportive market in which there is high demand for infill industrial, especially in a booming metro like Raleigh,” said Lee Roberts, managing partner at SharpVue Capital. “JLL ran a successful marketing process, and we are pleased that a firm with Beacon’s reputation will shepherd the property into its next phase as the Capital Boulevard corridor continues to evolve.”
- ◦Sale/Acquisition
