Stonelake Capital Partners Acquires Three Industrial Buildings In Apex NC For $90.5M

Three newly completed industrial buildings located at 2061 Production Drive, 2170 Production Drive, and 600 Pristine Water Drive in Apex, NC were acquired for a total of $90.5 million. The properties collectively span 613,353 square feet, resulting in a price per square foot of $148.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $90,500,000
• Buyer: Stonelake Capital Partners
• Seller: Oppidan Investment Company & Rockpoint Group
• Broker: Dave Andrews - JLL

Stonelake Capital Partners engaged in the transaction representing their acquisition in a deal facilitated by broker Dave Andrews from JLL, involving a partnership between Oppidan Investment Company and Rockpoint Group as sellers.