Equus Capital Partners acquires three-building logistics park in North Carolina

CHARLOTTE, Feb. 17, 2026 – JLL Capital Markets announced today the sale of Falls Lake Commerce Center, a three-building Class A industrial portfolio totaling 341,867 square feet in the Raleigh-Durham metropolitan area.

JLL represented the seller, Dogwood Industrial Properties, in the transaction. Equus Capital Partners acquired the asset.

The fully leased portfolio consists of three modern tilt-wall concrete buildings constructed between 2009 and 2015, located at 100, 200 and 300 Business Park Drive in Butner, North Carolina. The facilities feature 30-foot clear heights and range from 90,000 to 151,867 square feet.

The portfolio is anchored by UPS, which recently renewed its lease through August 2030. Additional tenants include Nugget Comfort, which operates its corporate headquarters and sole manufacturing facility, and Ricewrap Foods, which runs its headquarters and production operations from the park.

The property is strategically positioned within half a mile of Interstate 85, providing direct access to the Raleigh-Durham metropolitan area and major Sun Belt markets including Richmond, Charlotte, Greenville-Spartanburg and Atlanta. The location offers immediate connectivity to Research Triangle Park and Raleigh-Durham International Airport, both within 25 miles of the facility.

The Raleigh-Durham industrial market comprises over 97 million square feet of inventory and maintains approximately 94% occupancy. The region benefits from a highly educated workforce drawn from three Tier-1 research universities, the presence of North Carolina state government operations and robust population growth. Recent major economic development announcements totaling more than $28 billion in investment commitments from companies including Apple, Novo Nordisk, Johnson & Johnson and Fujifilm demonstrate the area's continued appeal to major corporations.

The JLL Capital Markets team representing the seller included Senior Director Dave Andrews, Senior Managing Director Pete Pittroff, Director Michael Scarnato, Associates Michael Lewis and Allan Parrot and Analyst Jack Barnes.

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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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Dogwood is a TPG Real Estate platform that acquires, owns, and operates high-quality, infill, multi-tenant industrial assets in strategic, growth-oriented metropolitan markets across the United States. For more information, please visit: dogwoodindustrial.com. 

Equus Capital Partners is a national real estate investment manager and developer with over 40 years of investment experience. Equus’ diversified portfolio consists of industrial, multi-family, and office properties located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Marina Del Rey, Scottsdale, Washington D.C., Atlanta, Raleigh-Durham, and South Florida.