JLL Negotiates Sale of LM Real Estate’s 652,647 SF Industrial Portfolio in Metro Charlotte, Raleigh-Durham to Lightstone

4/9/2025

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REBusinessOnline

• Subcategory: Industrial: Distribution, Industrial: Warehouse

• Tag: Sale

• Additional Filters-Subcategory: Capital Markets: Fund-Value Added

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: Jones Lang LaSalle (NYSE: JLL), Lightstone Group, LM Real Estate Partners

JLL has negotiated the sale of a five-property industrial portfolio spanning 652,647 square feet in submarkets in the Charlotte and Raleigh-Durham areas. The specific properties were not released.

Pete Pittroff, Michael Scarnato, Dave Andrews and Michael Lewis of JLL represented the seller, LM Real Estate Partners, in the transaction. Lightstone purchased the portfolio.

Lightstone Group

Sanford Blumenthal | SVP, Investments/Development

[email protected]

212-616-9969

LM Real Estate Partners

John Livanos | Principal, Acquisitions

[email protected]

646-586-2818