Raleigh-Durham
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.
MetLife Taps Highwoods for NC Expansion
After having wrapped up construction on MetLife’s $125 million global technology headquarters in Cary in 2015, Highwoods Properties was selected to spearhead the development of a third building at the Weston Lakefront office park.
Lidl Announces Opening Date for U.S. Stores
The company is opening supermarkets in North Carolina, South Carolina and Virginia. By the summer of 2018, Lidl plans to operate 100 stores across the East Coast, creating 5,000 jobs.
Four Points by Sheraton Debuts in Raleigh
PM Hotel Group will manage the newly rebranded property, which offers 113 guestrooms, along with a variety of amenities, including passions for beer and barbecue.
Divaris Real Estate Completes NC Retail Leases
The company’s broker negotiated on behalf of both Wendover Village in Greensboro, N.C., and Cornelius Shops in Cornelius, N.C. The two leases total 2,820 square feet.
Record Leasing Numbers at N.C. Self-Storage Facility
The company’s newest self-storage facility leased 77 units in April 2017, exceeding 10 Federal’s prior single-month record of 48 leases achieved in May 2016.