Jones Lang LaSalle Inc.

07/29/2021 | Press release | Distributed by Public on 07/29/2021 15:21

BentallGreenOak acquires first tranche of Eastgate 540

CHARLOTTE, July 29, 2021 -JLL Capital Markets announced today that it has closed the first tranche of a multi-phased sale of Eastgate 540, a seven-building, core industrial park totaling 1.2 million square feet in the Raleigh-Durham, North Carolina market.

JLL worked on behalf of the seller, Trinity Capital Advisors. BentallGreenOak, on behalf of its US Core Fund purchased the portfolio.

Originally beginning construction starting in 2019 with the last building delivering in 2022, the portfolio is one of the most successful large-scale, master-planned industrial parks in the market's history.

The JLL Capital Markets team representing the seller was led by Managing Director Patrick Nally, Senior Managing Director Pete Pittroff and Director Dave Andrews.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge deliver the best-in-class solutions for clients - whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.