2001 Evans Rd

Jones Lang LaSalle Americas, Inc. ("JLL") has been retained as the exclusive sales representative for The Press (the "Property") - a 252,465 square foot newly-renovated industrial facility situated in the high-barrier-to-entry Raleigh-Durham industrial market. The asset is 100% leased to Park Communications, LLC (“Park Communications”), with parent guaranty from investment grade parent, The Pokemon Company International. The lease features 10.3 years of remaining lease term with strong 3.50% contractual annual escalations. Park Communications operates as a subsidiary of The Pokémon Company International which reported 2024 annual revenue of $1.9B USD. Currently occupying over 780k square feet in the immediate market area, Park Communication's newly renovated space at The Press solidifies their enduring commitment to the Raleigh-Durham market. Located in Raleigh-Durham, one of the top industrial markets in the nation, within the South Wake industrial submarket, the Property is within four (4) miles of the Raleigh-Durham International Airport (RDU) and benefits from strong connectivity to major interstate thoroughfares including I-40, I-85, and I-95. Additionally, the South Wake industrial submarket features 96% 10-year average occupancy and has experienced 45.7% rent growth (+6.5% CAGR) since 2020.

Originally constructed in 1990 for Oxford University Press, the Property has been transformed into a highly-functional logistics facility while preserving the essential infrastructure allowing for maximum versatility. The highly adaptable facility features expansive open spaces for manufacturing and distribution activities with ample extensive loading while upgraded water and electrical capabilities in tandem with exquisitely updated modern amenity spaces would support future tenant uses. Overall, The Press offers investors the opportunity to acquire a best-in-class, highly-capable industrial facility in one of the highest barriers to entry industrial markets in the country with long-term, stable cash flow and investment grade tenancy with strong 3.50% annual escalations.