Stonelake Capital Partners Makes First Industrial Warehouse Acquisition in Raleigh, NC
Texas-based real estate private equity firm Stonelake Capital Partners has completed its first acquisition in Raleigh, North Carolina, purchasing a 135,000-square-foot Class-A industrial warehouse at 10800 World Trade Boulevard, the firm announced April 21, 2026.
The building, constructed in 1999, features 30-foot clear heights and excess trailer and employee parking. It has served as the regional headquarters for Storr Office Environments since its construction. Brian Brisky of Brisky Net-Lease brokered the transaction. Financial terms were not disclosed.
Strategic Location in the Research Triangle
The property sits at the intersection of Interstate 40 and Interstate 540, immediately adjacent to Raleigh-Durham International Airport. Stonelake noted that the location supports efficient distribution within Research Triangle Park and across Raleigh and the broader Carolinas region.
According to Stonelake Partner Will Jenkins, the Research Triangle's fundamentals make it a compelling target for the firm's industrial investment strategy. "A broad employment base sustained by a unique concentration of world-class universities in a pro-business state will continue to drive long-term population inflows and therefore local and regional consumption of goods and services," Jenkins said in a statement. "For the same reasons, the Research Triangle is an attractive location for advanced and critical supply chains — both manufacturing and distribution."
The firm described the asset's combination of institutional specifications and single-tenant footprint as "challenging to replicate within the market."
Expanding Industrial Footprint in the Carolinas
The Raleigh acquisition is part of a broader push by Stonelake into North Carolina's two largest metros. Will Jenkins, Jamie Cantrell, and Andrew Askew are leading the firm's industrial initiatives in Raleigh and Charlotte. Stonelake now owns or is under contract to acquire buildings totaling more than 1.5 million square feet across the two markets.
The firm said it will continue to pursue both existing buildings and select development land in Raleigh and Charlotte that meet its light industrial acquisition and development criteria.
The 135,000-square-foot Raleigh property is above the firm's portfolio average of approximately 95,000 square feet per building, but aligns with Stonelake's stated focus on light industrial warehouses at scale.
Sunbelt Industrial Portfolio Context
Stonelake currently owns 22.5 million square feet of industrial assets across 230 buildings in 14 Sunbelt markets. Since 2014, the firm has acquired or developed 391 industrial buildings totaling 34.5 million square feet across the Sunbelt. Its active markets include Atlanta, Austin, Charlotte, Dallas, El Paso, Houston, Nashville, Orlando, Phoenix, Raleigh, San Antonio, Southern California, South Florida, and Tampa.
Beyond industrial, Stonelake's broader portfolio includes 8,155 multifamily units and 3.3 million square feet of office buildings. The firm manages over $5.0 billion of commercial real estate in total.
Stonelake manages institutional capital through discretionary private equity investment partnerships. Its investor base includes college endowments, charitable foundations, hospital systems, and pension funds. The firm has raised $3.2 billion of equity across nine private equity funds over the past 19 years. Stonelake was founded in Austin, Texas in 2007 by Kenneth Aboussie, Jr. and John A. Kiltz, and maintains offices in Austin, Dallas, and Houston.