The Fred Smith Company has paid $2.35 million for a 10-acre industrial site on Chapel Hill Road in West Raleigh.
Fred Smith Co. was already the largest tenant on the property, which includes 15,000 square feet of office space.
The site was long the home of graving and paving company C.C. Mangum, which Fred Smith Co. acquired in early 2010.
Jim Anthony of Colliers International brokered the transaction.
Fred Smith Jr., a former state senator and gubernatorial candidate, had been CCM's chief executive for a number of years before he bought the business.
The 6105 Chapel Hill Road site is near its intersection with Edwards Mill Road.