Pete Lash Of Beacon Partners Purchases Development Site In Raleigh From Grubb Ventures For $35M

The development site located at 1053 East Whitaker Mill Road in Raleigh, NC was sold for a total of $35 million. The property spans an area of 181,000 square feet, resulting in a price per square foot of approximately $193.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $35,000,000
• Buyer: Pete Lash - Beacon Partners
• Seller: Grubb Ventures
• Square Footage: 181,000
• Price Per Square Foot: $193
• Date of Sale: 10/10/2025
• Market: Raleigh, NC

Beacon Partners, led by Pete Lash, intends to undertake a multi-million-dollar renovation of the property, which is currently 97% leased. This transaction follows a prior acquisition of a nearby warehouse by the Charlotte-based developer.