Did the largest Pokémon printer just sign a massive lease in Morrisville?
AI-generated summary reviewed by our newsroom.
- Developers signed a 1.27M+ sq ft lease with Millennium Print Group at Spark LS.
- Lease ranks as largest U.S. deal of 2025 and triggers 866k sq ft new build.
- Millennium will convert 400k+ sq ft in 2026 and boost local manufacturing jobs.
Story Update: Millennium Print Group has confirmed it signed a long-term lease at Spark LS. “The campus will support MPG’s continued growth and provide additional space to safely and securely deliver high-quality products for fans,” company chief of staff Jamileh Delcambre wrote in a Dec. 19 email to The News & Observer.
An unnamed Triangle company has agreed to fill more than 1 million square feet of a local campus, in what the site’s developers say is the largest U.S. leasing deal of 2025.
Charlotte-based Trinity Capital Advisors and the Florida investment firm Starwood Capital Group announced Tuesday that a “Morrisville-based global manufacturing leader” has signed a lease for more than 1.27 million square feet at their Spark LS complex along McCrimmon Parkway in Morrisville, near the airport.
“Spark will serve as a major North American hub for the Company and a significant employment center for the region,” the joint press release stated. A spokesperson for Trinity Capital told The News & Observer their firm was “not at liberty to comment in any way” about the tenant’s identity, but three separate sources with intimate knowledge of Triangle commercial real estate developments confirmed the mystery company is Millennium Print Group.
Millennium is the biggest printer of Pokémon cards in the United States — if not the world. It operates more than a half-dozen facilities near Research Triangle Park, in both Wake and Durham counties, plus another in Greensboro. Millennium’s only other sites are in the Netherlands.
The company has printed and packaged Pokémon cards since the mid-2010s with positions like slitter operators, color supervisors and shipping specialists. Security at their locations is known to be strict as soaring demand has turned these game cards into lucrative investments and targets of local burglars.
In 2022, Millennium was acquired for an undisclosed amount by The Pokémon Company International, which manages the Pokémon brand outside of Asia.
Millennium representatives did not respond to questions regarding the Spark LS site or its plans for its smaller North Carolina facilities.
Announced in January 2022, Spark LS promised to deliver 1.5 million square feet of biotech lab and manufacturing space, alongside restaurants, retail and multifamily residential units. The “LS” in its name stands for life sciences, and after several months with no leases, Trinity and Starwood in July publicized the site’s first tenant, the Germany pharmaceutical company Coriolis Pharma. But with biotech real estate vacancy rates still elevated since a post-pandemic construction boom, and with another prominent biotech complex right across the street, Spark LS developers appear to have found a non-life sciences solution.
“The (biotech) project they were planning is nothing like what Millennium will be,” said a veteran real estate official in the Triangle, who confirmed Millennium as the tenant but did not wish to be named. “They got lucky, but good for them.”
Leases of more than 1 million square feet are substantial. For comparison, the development firm King Street Properties last month announced the Swiss pharmaceutical company Novartis would occupy roughly one-sixth of that amount inside its Pathway Triangle biomedical facility, which stands on the other side of McCrimmon Parkway from Spark LS. In a statement at the time, King Street called its Novartis deal “one the largest leases in the Triangle this year.”
The top lease deal of 2025 will require Spark LS to expand. More than 400,000 square feet of current space will be customized to the tenant’s needs beginning in early 2026, the developers say. Trinity and Starwood will also build a new 866,000-square-foot manufacturing facility on the campus, with construction scheduled to commence next year and finish 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,” Trinity Capital senior asset manager Tyson Strutzenberg said in a statement.
The Charlotte developer says 150,000 square feet of existing space remains available at Spark.
This story was originally published December 17, 2025 at 3:43 PM.
