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Maryland firm buys 25-acre site outside Raleigh for flex, R&D park

Youngsville Business Park to be St. John Properties' second business campus in North Carolina
St. John Properties is wrapping up the initial phase of its first business campus in North Carolina, the Wake Forest Exchange, pictured. (CoStar)
St. John Properties is wrapping up the initial phase of its first business campus in North Carolina, the Wake Forest Exchange, pictured. (CoStar)
By Annesley Dwyer
CoStar Research
February 17, 2026 | 8:37 P.M.

A Maryland firm that entered North Carolina roughly three years ago is continuing to make inroads in the state, this time acquiring a 25-acre site north of Raleigh where it plans to develop a new business campus.

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News | Maryland firm buys 25-acre site outside Raleigh for flex, R&D park