Raleigh-Durham
Strategic Partners to Develop $60M Industrial Park
The investment group closed on one of the largest remaining parcels of land in the Research Triangle Park, where it intends to build the 96-acre Patriot Park.
Architecture Firm Relocates to Durham Office Tower
The new tenant’s studio is the first workplace in North Carolina to achieve Fitwel certification, an evidence-based standard that promotes occupant health and productivity.
HFF Facilitates $16M Sale of NC Site
Managing Directors Justin Good and Jeff Glenn together with Senior Director Allan Lynch represented Wells Fargo Bank in the sale of a roughly 19-acre site in Raleigh, N.C., to DeWitt Carolinas Inc.
Dream Hotel to Debut Flagship Unscripted Hotel in Durham
The 74-key boutique hotel will open following a multi-million-dollar redesign and revitalization of the Jack Tar Motel. Austin Lawrence Partners collaborated with Dream Hotel Group on the project.
Alexandria to Develop 1 MSF Research Triangle Mega Campus
The center will be adjacent to the company’s 6 Davis Drive. The project will begin with the redevelopment of the Cornwallis site into 175,000 square feet of office, laboratory and greenhouse facilities.
FCA Goes Shopping in The Triangle
The company acquired Celebration at Six Forks, a 125,000-square-foot shopping center in Raleigh, N.C., for $19.1 million. FCA intends to make capital improvements to the property.
First Tenant Expands Lease at Triangle Office Asset
The San Jose-based firm is the first tenant to commit to the recently delivered Class A property, one of the largest developments on the corner of interstates 40 and 540 in the Raleigh-Durham area.
Raleigh Office Building Changes Hands for $8M
HFF closed the sale of 3110 Edwards Mill, a 45,692-square-foot, Class A office building in North Carolina. A private investor purchased the asset from The Simpson Organization.
FNB Tower Joins Raleigh Skyline
The $110 million, 22-story building developed by Dominion Realty Partners will encompass Class A office space, 240 residential units and street-level retail.
Rapid Growth in Raleigh-Durham
The metro continues to appeal to investors who are being priced out or struggling to find high acquisition yields in major markets. The combination of job and population growth has generated a strong demand for apartments, with average rents reaching $1,075.