Link Logistics Acquires 550,992-SF Class A Logistics Facility in Youngsville, N.C., in Sale Arranged by JLL

CHARLOTTE, N.C. — JLL Capital Markets announced Oct. 5 the sale of a 550,992-square-foot Class A logistics facility at 2545 Innovation Loop in Youngsville, North Carolina, in the Raleigh-Durham market. Summit Real Estate Group sold the property to Link Logistics.

JLL represented the seller in the transaction. The JLL Capital Markets team was led by Senior Managing Director Pete Pittroff and Senior Director Dave Andrews, along with Director Michael Scarnato.

Link Logistics Acquires Fully Leased Youngsville Distribution Center

Link Logistics, a leading owner and operator of last-mile industrial real estate, acquired the property from Summit Real Estate Group. The facility was completed in 2026 and is 100% occupied by a global investment-grade tenant. The tenant is Eaton Corporation, which carries an S&P rating of A-.

The building, also identified as Building 500, sits on a site of approximately 105.29 acres. It functions as a dedicated warehousing and distribution center supporting the tenant's North Raleigh production operations and is an integral component of the company's regional supply chain network. The facility is a built-to-suit, mission-critical property used to warehouse components and finished products for Eaton's Critical Power Solutions Division. The tenant's North Raleigh operations are approximately 20 minutes south of the Youngsville site.

Approximately 14.7 years of weighted average lease term remained when the property was marketed, with 3.25% annual contractual rent escalations.

Property Specifications

The facility features tilt-up concrete construction, a cross-dock configuration, 40-foot clear heights, ESFR fire suppression systems, LED lighting, full-building climate control and significant loading capabilities designed to accommodate modern distribution requirements.

Raleigh-Durham Industrial Market Context

The Raleigh-Durham industrial market entered the transaction with strong leasing activity. More than 1.7 million square feet of new leases were signed in the second quarter of 2026, bringing year-to-date deal volume to more than 2.9 million square feet, up 54.3% year over year, according to Cushman & Wakefield.

Industrial vacancy in the Triangle has remained below 7%, with average annual absorption over the preceding five years approaching 3 million square feet. Average industrial rents have risen to more than $12 per square foot, compared with roughly $6 five years earlier. A Q2 2026 reading for the Raleigh market from Lee & Associates showed 7.8% vacancy, average asking rents of $12.96 per square foot and an average industrial cap rate of 7.7%. The differences among the statistics likely reflect variations in geography, property type and inventory definitions.

Franklin County Growth

Franklin County had approximately 82,037 residents in 2025, with population growth of more than 32% since 2015. County budget materials estimated roughly 13,000 new residents between 2020 and 2025, representing about 19% to 20% growth over five years. Youngsville was estimated to have a 2026 population of approximately 2,537, up from 2,094 in 2020.

Investment Considerations

The sale reflects investor interest in new, single-tenant industrial assets that combine long-term leases, investment-grade credit and specialized operational functions. Because the facility is tied to Eaton's manufacturing and supply-chain network, it differs from speculative bulk distribution space. Ownership remains concentrated in a single tenant, which carries rollover considerations at lease expiration.

About the Firms

JLL (NYSE:JLL) reported 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. JLL's Capital Markets group has more than 3,000 specialists worldwide, with offices in nearly 50 countries.

Summit Real Estate Group is a vertically integrated investment, development and asset management platform specializing in industrial real estate. Founded in 1995, the firm has a team of 27 professionals and is currently developing over 6 million square feet of industrial properties in high-growth markets across the United States.

Sources

JLL newsroom: https://www.jll.com/en-us/newsroom/jll-arranges-sale-of-logistics-facility-at-2545-innovation-loop