Affiliates of Starwood Capital Group (“Starwood Capital”) and Trinity Capital Advisors (“Trinity Capital”) today announced a landmark lease at Spark LS (“Spark”), a premier mixed-use life science and advanced manufacturing campus in Morrisville, North Carolina. An undisclosed Morrisville-based global manufacturing leader (the “Company”) has signed leases totaling more than 1.27 million square feet, including existing facilities and future build-to-suit developments. The lease represents the largest manufacturing lease signed in the U.S. in 2025 and one of the region’s most significant advanced manufacturing commitments to date.

Spark will serve as a major North American hub for the Company and a significant employment center for the region. Upfit of the existing buildings will begin in early 2026, with full-scale operations expected to commence in late 2028.

In addition to the existing buildings totaling more than 400,000 square feet, affiliates of Starwood Capital and Trinity Capital will deliver a major expansion of the Spark campus through the development of a state-of-the-art, 866,000-square-foot advanced manufacturing facility supported by structured parking. The new building will feature cutting-edge, highly innovative technologies, bringing the Company’s total footprint at Spark to approximately 1.27 million square feet. Construction of the new facility will begin in 2026, with delivery expected in 2027.

“This Morrisville-based global Company’s decision to establish a major presence at Spark LS is a transformative milestone, both for our campus and for the region’s advanced manufacturing ecosystem,” said Tyson Strutzenberg, Managing Director, Asset Management at Trinity Capital. “This commitment underscores Spark’s unique ability to support world-class innovation, production, and growth at an unmatched scale, and we are thrilled to partner with Starwood on this one-of-a-kind project.”

“Spark is a dynamic campus that we developed in a vibrant market. We are thrilled to be validated by signing the largest manufacturing lease in the country this year with such a great company,” said Jon Coldicott, Senior Vice President at Starwood Capital. “We remain excited to deliver high quality, state-of-the-art space that meets future tenants’ needs as we complete the lease-up of the remaining campus.”

This transaction leaves 150,000 square feet of currently constructed availability at Spark, including 38,000 square feet of recently delivered spec suites in the park’s Nova building, as well as an additional approximately 210,000-square-foot manufacturing development opportunity. Spark represents the Raleigh–Durham region’s largest mixed-use life sciences and advanced manufacturing campus, offering 1.5 million square feet of cutting-edge space across approximately 108 acres. Strategically positioned near Research Triangle Park, Spark provides seamless connectivity, premier amenities, and expansive green spaces designed to foster collaboration, research, and next-generation manufacturing.

Spark’s location, Morrisville, offers an exceptional, business-friendly environment for companies to grow and succeed. The town’s forward-looking leadership and highly responsive professional staff work collaboratively with the private sector to support smart, sustainable development. With clear processes, predictable governance, and a strong commitment to partnership, Morrisville is a premier location for doing business in the heart of the Research Triangle.

Trinity Capital is one of the Triangle’s most active investment and development firms, with over five million square feet of development projects in its current portfolio, including Spark, Southport Innovation Center (911,000 square feet), and I-40 Exchange Industrial Park (715,000 square feet), with additional development plans expected to be announced by year-end.

“Our team has a strong track record of delivering high-quality projects that meet the evolving needs of the Triangle’s most innovative companies,” said Jeff Sheehan, Managing Partner at Trinity Capital. “We’re proud of the impact our developments have had across the region and look forward to continuing to invest in transformative spaces that strengthen the region’s position as one of the nation’s leading hubs for business, talent, and innovation.”

Cushman & Wakefield’s Doug Cook represented ownership in the Spark transaction. For more information, visit sparklifescience.co.