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.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Vigilant Real Estate Holdings was founded in 2020 to acquire strategic and diversified assets across the United States with a specific focus on industrial and life science properties. The Sponsor leverages nearly 70 years of combined real estate experience and relationships to capitalize transactions of varying sizes and risk profiles. Led and co-founded by David Fowler and based in Boston, Vigilant currently has over $1B assets under management consisting of over 1.2MM square feet of existing properties, assets under construction, or projects in pre-development.

M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information on M&T Bank, visit www.mtb.com.

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