Raleigh-Durham
JLL Appoints Head of Raleigh-Durham Office
Managing Director Kimarie Ankenbrand, who specializes in tenant representation, relocated from Dallas. She brings more than a decade of industry experience to her new role.
Publix-Anchored Shopping Center Opens in Raleigh
Halpern Enterprises’ 63,000-square-foot property is also set to includes tenants such as Hollywood Feed, Sport Clips and Noire the Nail Bar.
Raleigh-Area Office Campus Fetches $69M
HFF, acting on behalf of Crescent Lakeside LLC, orchestrated the sale of Crescent Lakeside I & II, a 255,000-square-foot property in central North Carolina’s Research Triangle.
Raleigh Office Building Lands $85M Construction Loan
HFF worked on behalf of Kane Realty and Lionstone Investments to secure financing for Tower IV, an upcoming 326,600-square-foot high-rise within the North Hills mixed-use development.
Work Begins on Final Wade Park Office Building in Raleigh
Developer Dominion Realty Partners has once again teamed up with Prudential Global Investment Management for the construction of Wade V, which will take some 20 months to complete.
JLL Carolinas to Lease Iconic Chapel Hill Building
State Employees’ Credit Union intends to lease their rhomboid-shaped building in North Carolina for the first time. The 210,000-square-foot glass property is in the midst of a renovation process.
Nearly $1.5B in CMBS Possibly at Risk from Hurricane Florence
Morningstar Credit Ratings has identified more than 180 securitized commercial mortgages on properties in North Carolina counties that have been declared disaster areas because of the storm.
Brookdale Group Buys Raleigh Office Park
The company acquired the three-building WestChase Office Park from an institutional investor. TD Bank provided acquisition financing to facilitate the transaction.
What Fuels The Triangle Office Market’s Growth
Underpinned by a strong population growth and a low cost of living, Raleigh-Durham attracts an increasing number of office tenants. Katie Coppins, JLL’s new senior vice president for the Carolinas, provides an outlook on the expanding market.
71 KSF Self-Storage Facility Opens in NC
The newly built facility located in Clayton is approximately 15 miles from downtown Raleigh. Absolute Storage Management is the manager of the storage asset.