Highly-infill logistics facility in Raleigh, NC trades hands

CHARLOTTE, Sept. 19, 2024 -  JLL Capital Markets announced today the sale of 309 Chapanoke Road, an infill, 94,368 square foot industrial facility located in Raleigh, North Carolina.

JLL represented the seller, Beacon Partners, in the transaction, while NorthBridge Partners acquired the asset.

The property is fully leased to the State of North Carolina (S&P: AAA) and serves as a mission-critical mail sortation and delivery center. Its centralized location near the state capital enables efficient postal services to all state agencies throughout North Carolina.

Additionally, advantageously positioned adjacent to US-401, less than two miles from I-40 and just three miles from Downtown Raleigh, the property offers exceptional connectivity to the booming Raleigh-Durham metro and its core demand drivers, including Raleigh-Durham International Airport (RDU) and Research Triangle Park (RTP).

The JLL Investment Sales and Advisory team was led by Director Josh Mcardle, Senior Managing Director Pete Pittroff, Senior Director Dave Andrews, Director Michael Scarnato and Analyst Michael Lewis.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom.

NorthBridge Partners LLC, founded in 2014, is a vertically integrated real estate manager that invests in infill industrial properties with a primary focus on select coastal U.S. markets located near major population centers and ports.

For more information, please visit www.northbridgecre.com