JLL completes sale and financing of 252K-SF industrial facility in Raleigh-Durham market

CHARLOTTE, March 19, 2026 - JLL Capital Markets announced today the sale of The Press, a 252,465-square-foot industrial facility located at 2001 Evans Rd. in Cary, North Carolina.

JLL represented the seller in the transaction. Vigilant Real Estate Holdings acquired the asset. Working on behalf of the new owner, JLL also arranged the acquisition financing through M&T Bank.

The Press underwent extensive renovations, transforming the originally constructed 1990 building into a highly functional industrial facility. The property features up to 40-foot clear heights and enhanced electrical capacity. The asset is 100 percent leased to a commercial printing services provider that uses the facility as a packaging and distribution hub.

Strategically positioned within four miles of Raleigh-Durham International Airport and less than three miles from Interstate 40, The Press benefits from exceptional connectivity to major transportation corridors including I-85, I-540 and I-440. The facility sits approximately eight miles from Research Triangle Park, the largest dedicated scientific research park in the United States and provides direct access to the broader Eastern Seaboard market.

The Raleigh-Durham industrial market benefits from a diverse tenant base supported by North Carolina state government operations, a highly educated workforce drawn from three tier-one research universities and robust population growth.

"We're pleased to complete this acquisition and add The Press to our portfolio as we continue to expand our footprint in core markets nationwide," said David Fowler, Managing Principal of Vigilant Real Estate Holdings. "Following its extensive renovation, the property now ranks among the most capable assets in the market and is well positioned to support mission-critical distribution and manufacturing operations in the Research Triangle."

"M&T Bank is pleased to work with Vigilant Real Estate Holdings and JLL to provide financing for this modernized, high quality industrial facility that is well positioned to support the region's growth," added Corey Rosenfield, M&T Bank's SVP and Regional Head of Commercial Real Estate in Massachusetts. "This financing reflects our commitment to being a reliable, collaborative partner delivering financing solutions to meet our clients' needs."

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Director Dave Andrews, Senior Managing Director Pete Pittroff, Director Michael Scarnato and Managing Director Miyeon Lee with support from Allan Parrott and Jack Cohen. The JLL Debt Advisory team was led by Senior Managing Director Christopher Peck and Director Kate Rathman, with support from Analyst Abby Reed.

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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