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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.”


Inside The Story

SharpVue Capital’s Roberts Beacon Partners

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition