Raleigh-Durham
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.
NC Triangle Retail Center Sells for $11M
Glenwood Square is a 51,900-square-foot grocery-anchored center in Chapel Hill. The asset traded for the first time in the past 25 years.
JLL Carolinas Adds New SVP
With more than 15 years of experience, Katie Coppins will focus on tenant representation and business development in the Triangle.
Preferred Apartment Communities Buys NC Office Tower
The buyer completed the acquisition of Wells Fargo Capitol Center in Raleigh through its subsidiary, Preferred Office Properties. New York Life Insurance Co. provided the financing.
JV Acquires Office, R&D Asset in Downtown Durham
The three-building campus last traded in 2016, when FCP bought it for $18 million. The property then underwent extensive renovations, also preparing it for further potential development.
Go Store It Breaks Ground on 2 Carolinas Facilities
The company is building the projects in Asheville, N.C., and Mt. Pleasant, S.C., with plans to develop five additional properties in Charlotte, N.C.; Cary, N.C.; Louisville, Ky.; and Fredericksburg, Va.