Trinity Capital Advisors, Nuveen Real Estate sell logistics portfolio in Raleigh-Durham, N.C.

A joint partnership between Trinity Capital Advisors and Nuveen Real Estate has sold Alexander Commerce Park, a three-building, 441,072-square-foot, trophy-quality logistics portfolio in the Raleigh-Durham (N.C.) MSA.

JLL represented the seller in the high-profile transaction. The assets were acquired by Prologis.

The class A portfolio is 100 percent leased to four diverse tenants, including major regional and international users. Delivered in 2023, the portfolio features best-in-class, rear-load logistics facilities with 32-foot clear heights, ESFR sprinklers, LED lighting, and auto and trailer parking.

“This is a strategic acquisition that complements our existing Raleigh-Durham market portfolio,” said Grant Benson, vice president investment officer at Prologis. “We remain focused on providing high quality, modern logistic facilities to support our customers operating in this market.”

Located at 1730-1760 TW Alexander Drive in Durham, N.C., Alex