APG Completes $6.5 Million Sale of Smithfield Industrial Property

APG Companies has completed the $6.5 million sale of 1526 S. Brightleaf Boulevard in Smithfield, North Carolina, to a local private investor, concluding a nine-year investment in the property.

APG acquired the fully leased industrial property in June 2017 for $1.6 million. Located along the US Highway 301 corridor near I-95, the ±93,753-square-foot facility includes substantial covered storage, multiple dock-high and drive-in doors, and an adjacent fenced lay yard.

During APG's ownership, the property continued to serve as a well-positioned industrial asset in the growing Johnston County market.

"Brightleaf has been a strong investment for APG over the past nine years. Its location, industrial functionality and long-term utility made it an attractive acquisition for us in 2017 and continued to support the property throughout our ownership. We're pleased to complete the investment cycle with a successful sale to a local private investor."

- Daniel Walser, CCIM, Vice President of Acquisitions, APG Companies

The July 2026 disposition reflects APG's approach to commercial real estate investment: identifying well-positioned assets, managing them through changing market cycles and recognizing the appropriate time to transition ownership.

Looking for an experienced investment partner? APG Capital acquires and manages commercial real estate opportunities across North Carolina and the Southeast, with a focus on creating long-term value through disciplined investment and active ownership.