Stonelake Capital Partners Acquires Industrial Asset From Broadstone Net Lease For $19.5M

Stonelake Capital Partners acquired a fully leased industrial building located at 10800 World Trade Boulevard in Morrisville, North Carolina. The transaction was completed for a sale price of $19,500,000, which is approximately $145 per square foot for the 134,156-square-foot asset.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $19,500,000
• Square Footage: 134,156
• Location: 10800 World Trade Boulevard, Morrisville, NC
• Seller: Broadstone Net Lease
• Buyer: Stonelake Capital Partners

This transaction indicates the involvement of Stonelake Capital Partners as the buyer, which is a firm known for investing in commercial real estate. The seller, Broadstone Net Lease, facilitated the sale of the property, reflecting ongoing activities in the industrial asset market.