Updated Jan 9, 2026
Fortress Investment Group Acquires Life Sciences Campus In Morrisville For $226.5M From Trinity Capital Advisors
440 Spark View Drive, 549 Spark View Drive & 4773 Mc Crimmon Parkway
$226,500,000
$50/SF
Building Size
1,500,000 SF
Asset Type
Life Sciences
Closing
Jan 8, 2026
About this deal
AI
A life sciences asset located at 440 & 549 Spark View Drive and 4773, 4825, 4921 & 4965 McCrimmon Parkway in Morrisville, NC has been sold for $226,500,000. The property encompasses a total area of 1,500,000 square feet, with a price per square foot of $151.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $226,500,000
- Buyer: Drew McKnight & Jack Neumark - Fortress Investment Group
- Seller: Trinity Capital Advisors
- Financing: $111.1 million loan from Bank of America
This transaction highlights the involvement of Fortress Investment Group, represented by Drew McKnight and Jack Neumark, who acquired the life sciences campus from Trinity Capital Advisors. The property utilized a significant financing option from Bank of America for the transaction.
On the Map
$226,500,000
$50/SF
Life Sciences
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Players
Morrisville Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93