Stonelake Capital Partners acquired Apex Commerce Center, a three-building Class A industrial portfolio in Raleigh, for $90 million.
Located at 2061 Production Drive, 2170 Production Drive, and 600 Pristine Water Drive, the Apex Commerce Center totals 613,353 square feet across three (3) buildings.
Following construction completion in April 2026, Stonelake closed the purchase. The transaction, brokered by Dave Andrews of Jones Lang LaSalle, was executed as a “forward sale”, with Stonelake going under contract during construction in 2025 and retaining leasing rights through the final phase of development. Stonelake’s Josh Lowe oversaw the construction completion of the Apex Commerce Center while Stonelake had the portfolio under contract.
The Apex Commerce Center was jointly developed by Oppidan Investment Company and Rockpoint Group.
Stonelake presently owns 22.5 million square feet of industrial assets across 230+ buildings in 14 Sunbelt markets, with an average building size of approximately 95,000 square feet.
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