Vulcan Elements Announces the Full Building Lease at Crosspoint Logistics Center

December 15th, 2025

Vulcan Elements leases 501,215 square feet at Crosspoint Logistics Center, securing the entire building, making this lease one of the largest Industrial transactions of 2025 for the greater Triangle MSA markets.

Reflecting the increase in industrial leasing across Johnston County, Vulcan Elements, a manufacturer of rare earth magnets, has executed a long-term lease agreement for 501,215 square feet (sq. ft) within Crosspoint Logistics Center I, with the plans of a future expansion exceeding one million square feet. This strategic move positions Johnston County for significant growth, paving the way for more than 1,000 new jobs and marking a transformative milestone for the region’s economic development. Governor Josh Stein was reported saying “the jobs and investment Vulcan Elements brings to the State will add an estimated $2.5 billion to the State’s economy over the next twelve (12) years. This is a big WIN for North Carolina”.

 Serving as the East Coast’s premier hub for advanced distribution infrastructure, the Crosspoint Logistics Center, spans across 90 acres at 230 Morgan Road in Benson, North Carolina, situated at the interchange of I-95 & I-40 in Benson, with exceptional visibility from I-95. Featuring best-in-class construction, this Class A industrial development is designed to accommodate modern distribution and manufacturing needs. The site features include a 40’ clear height, 65’ speed bays, 50’ x 54’ column spacing, and 185’ truck courts with ample trailer storage and the potential expansion opportunity of up to 1,064,880 square feet. The facility has the ability to provide up to thirty (30) Megawatts of power following the development of the adjacent substation completed in Q4, 2024. According to Edgewater Ventures, the developer of the facility, Crosspoint Logistics Center is projected to be the largest speculative industrial facility ever constructed within the Raleigh-Durham MSA.

Ed Brown, of NAI Tri Properties and Anna Lea Stroud of A. Stroud & Company represented Vulcan Elements in the lease negotiations, and Al Williams, Matthew Greer, Lee Allen and Diane Jones of JLL represented Edgewater Ventures.

A special thank you for the following team members and the roles played in making this transaction possible: