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EQT Real Estate Acquires Amazon-Leased Warehouses From ASB Capital Management For $60.25M In Morrisville

Property Image
SOLD
$60,250,000

North Carolina

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Industrial
Sold 12/22/2025
the dealdetailscomps
Property Image
SOLD

EQT Real Estate Acquires Amazon-Leased Warehouses From ASB Capital Management For $60.25M In Morrisville

1000 Innovation Avenue & 1200 Innovation Avenue

See Similar Deals
Industrial
Sold 12/22/2025
the dealdetailscomps

Summary

NORTH CAROLINA
Asset Type:Industrial
Transaction Type:Sale

The properties involved in this transaction are two industrial assets located at 1200 & 1000 Innovation Avenue in Morrisville, NC. The sale price for these warehouses was $60,250,000. The total square footage of both properties is 322,000, and they are currently leased to Amazon.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $60,250,000
  • Buyer: EQT Real Estate
  • Seller: ASB Capital Management LLC
  • Market: Morrisville, NC
  • Previous Sale Price (2021): $40,000,000

This acquisition was made by EQT Exeter, the Swedish firm, indicating their strategy to target industrial sites utilized by Amazon across the United States. This deal further emphasizes their proactive approach in the e-commerce sector.

Players

EE
EQT Real Estate
BUYER

Details

SOLD
IMAGE: 12/22/2025 ADDRESS: 1000 & 1200 Innovation Avenue MARKET: Morrisville, NC ASSET TYPE: Industrial BUYER: EQT Real Estate SELLER: ASB Capital Management LLC SALE PRICE: $60,250,000 NOTE: Swedish firm EQT Exeter acquired two Amazon-leased warehouses in Morrisville for $60.25 million, a significant markup from the properties' $40 million sale price in 2021. The deal for the 322,000-square-foot Woodlake Center VI and Woodlake Center VII assets signals EQT's continued strategy of targeting industrial sites utilized by the e-commerce giant across the U.S.

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