JLL brokers $47M ($188psf) sale of Scannell, Manulife JV’s 250,541 SF distribution facility in Durham85 Industrial Park EastGroup

7/25/2025

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REBusinessOnline

• Subcategory: Industrial: Distribution

• Tag: JV-Partnership | Sale

• Additional Filters-Tags: Sale: Investment, Sale: Net Lease, Sale: Single Property

• Company: EastGroup Properties (NYSE: EGP), Scannell Properties, Jones Lang LaSalle (NYSE: JLL), Manulife Investment Management (Manulife IM)

JLL Capital Markets has brokered the sale of LifeScience Logistics at Durham 85, a 250,541-square-foot industrial facility situated at 2360 Ferrell Road within Durham 85 Industrial Park. The facility, which is located 10 miles from Research Triangle Park, is fully leased by LifeScience Logistics LLC, a supply chain service provider in the healthcare and pharmaceutical industries.