News release

BentallGreenOak acquires first tranche of Eastgate 540

JLL Capital Markets arranges the sale of a core, 7-building industrial portfolio in Raleigh-Durham

July 29, 2021

CHARLOTTE, July 29, 2021 – JLL Capital Markets announced today that it has closed the first tranche of a multi-phased sale of Eastgate 540, a seven-building, core industrial park totaling 1.2 million square feet in the Raleigh-Durham, North Carolina, market.

JLL worked on behalf of the seller, Trinity Capital Advisors. BentallGreenOak, on behalf of its US Core Fund, purchased the portfolio.

Originally beginning construction starting in 2019 with the last building delivering in 2022, the portfolio is one of the most successful large-scale, master-planned industrial parks in the market’s history.

The JLL Capital Markets team representing the seller was led by Managing Director Patrick Nally, Senior Managing Director Pete Pittroff and Director Dave Andrews.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge deliver the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Trinity Capital Advisors

Trinity Capital Advisors focuses on the acquisition and development of institutional-qualiy commercial real estate in the southeastern United States. The firm has invested more than $3.5 billion acquiring and developing more than 25.6 million square feet of the most successful workplace real estate projects in North Carolina, South Carolina, Tennessee and Florida, including CBD office towers, industrial portfolios, suburban office parks, and mixed-use developments. Investments are capitalized through various Trinity Capital investment vehicles and partnerships with some of the country’s top institutional investors. Learn more at

About BentallGreenOak

BentallGreenOak is a leading, global real estate investment management advisor and a globally recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 24 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BentallGreenOak is a part of SLC Management, which is the institutional alternatives and traditional asset management business of Sun Life. For more information, please visit