JLL Income Property Trust Acquires West Raleigh Distribution Center From Beacon Partners For $190M

The West Raleigh Distribution Center is an industrial property located in Apex, North Carolina. The asset was sold for $190,000,000 and encompasses a total area of 985,000 square feet. This distribution center consists of five buildings and is currently 87% leased to eight tenants, including a major biotech and life sciences distributor.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $190,000,000
• Sale Date: 09/18/2025
• Address: West Raleigh Distribution Center, Apex, North Carolina
• Square Footage: 985,000
• Price Per Square Foot: $19
• Buyer: Allan Swaringen - JLL Income Property Trust
• Seller: Beacon Partners

Allan Swaringen represents JLL Income Property Trust in the acquisition of the West Raleigh Distribution Center from Beacon Partners. This transaction reflects a significant investment in the industrial market, highlighting the active engagement of major players in the sector.