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McCraney Property Co. has secured a $28.8 million construction loan for Apex Logistics, a 305,470-square-foot industrial project in Apex, N.C. Pinnacle Financial Partners issued the three-year, floating-rate note in a deal arranged by JLL Capital Markets.

Construction kicked off this spring and the developer expects completion by August 2026.

Located on more than 31 acres along Goodwin Road, the development is less than 2 miles from North Carolina Highway 540 and U.S. Route 64, as well as some 19 miles west of downtown Raleigh, N.C. The Research Triangle Park and the Raleigh-Durham International Airport are within approximately 15 miles.