JLL completes sale of Union Cross Industrial Portfolio in Winston-Salem

CHARLOTTE, Aug. 5, 2026 – JLL Capital Markets announced today the sale of Union Cross Industrial Portfolio, two single-tenant Class A logistics facilities totaling 340,000 square feet in Winston-Salem, North Carolina.

JLL represented the seller, Westcore, in the transaction. LBA Logistics acquired the assets.

The Union Cross Industrial Portfolio consists of two modern distribution facilities located at 4980 and 4991 Millennium Drive in the Southeast Forsyth County submarket. Built in 2018 and 2019, the concrete tilt-wall buildings feature 32-foot clear heights, 56 dock-high doors, two drive-in doors and energy-efficient LED lighting with motion sensors. The facilities are equipped with Early Suppression Fast Response (ESFR) sprinkler systems and offer abundant auto and trailer parking to support large-scale distribution operations. The portfolio is 100% leased to two established tenants serving the packaging, distribution and logistics sectors.

Strategically positioned less than three miles from Interstate 40, the Union Cross Industrial Portfolio offers exceptional connectivity to the Triad region's extensive interstate network, which includes Interstate 73, Interstate 85, Interstate 285 and U.S. Highway 421. The location provides tenants with seamless access to the Piedmont Triad International Airport, home to the FedEx Express Mid-Atlantic Air Hub, and positions operations within a day's drive of 60% of the U.S. population. The future Interstate 74 corridor, currently under construction, will further enhance the property's logistics advantages.

The JLL Capital Markets team was led by Senior Managing Director Pete Pittroff, Senior Director Dave Andrews, Director Michael Scarnato and Associate Allan Parrott.

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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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 112,000 as of June 30, 2026. 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.

Founded in 2000, Westcore is a fully integrated industrial real estate investment company with institutional scale and capabilities. Since its founding, Westcore has acquired, managed and sold more than $10 billion in assets, comprised of more than 1,000 buildings and totaling over 100 million square feet. In addition to its U.S. headquarters in San Diego, Westcore has regional offices in Los Angeles, Oakland and Dallas.

LBA Logistics | LBA Properties is a full-service, vertically integrated real estate investment and management company headquartered in Irvine, California, U.S. with a diverse portfolio of industrial and office properties in major markets throughout the U.S. and U.K. LBA was founded in 1991 and is a privately held company with 255 global team members. LBA invests via closed-end real estate investment funds and joint venture partnerships on behalf of institutional investors including leading pensions funds, endowments, foundations, and foreign investors. LBA Logistics, the industrial operating arm of LBA Realty, operates a portfolio of industrial properties that total approximately 106M SF and is comprised of over 400 properties. LBA expanded to Europe in 2023 and is currently growing its U.K. logistics and industrial investment team and portfolio.