{"id":1004053582,"date":"2011-09-07T12:50:36","date_gmt":"2011-09-07T20:50:36","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=16476"},"modified":"2022-12-07T23:18:54","modified_gmt":"2022-12-08T07:18:54","slug":"companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/","title":{"rendered":"Companies Initiate Bulk Sales of Office Portfolios in the Triangle"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/p>\n

In an attempt to increase industrial and medical office assets, various \"\"<\/a>companies in the Triangle have started to sell their office portfolios. Duke Realty, an Indianapolis-based company, listed for sale six buildings that represent about 12 percent of the company\u2019s assets in the region \u2013 6501 Weston Parkway, 5520 Capital Center, 5540 Centerview, 5565 Centerview, 801 Jones Franklin and Brook Forest. Built between 1986 and 2000 and encompassing 426,815 square feet, four of the properties are in West Raleigh, one in Cary and one in North Raleigh.<\/p>\n

Using a similar strategy, Hamilton Merritt Inc. is selling a portfolio that includes 12 suburban office buildings in the Triangle, representing 75 percent of the company\u2019s assets in the area.<\/p>\n

According to the News Observer<\/em>, the decision to sell in bulk emphasizes the increasing interest of institutional investors in the area. Jeff Sheehan, SVP with Duke in Morrisville, commented that selling bulk properties is a good incentive for institutional investors to gain a foothold in the region.<\/p>\n

Duke Realty Corp. is one of the largest commercial real estate companies in the United States with about 141 million square feet of industrial, office, and medical office properties in 18 major U.S. cities.\u00a0The company\u00a0provides leasing, property management, site selection, development, financing and construction services.<\/p>\n

In related news, Marcus & Millichap secured the listing for Dick\u2019s Sporting Goods at 3212 Mount Moriah Rd. The 58,085 square feet building is listed at $13.4 million. Marc Strauss, first vice president of investments in Marcus & Millichap\u2019s Fort Lauderdale office and David Wells, senior associate in the firm\u2019s Miami office, will represent the seller. \u201cIn spite of the stalled economy, single-tenant retail properties remain highly sought-after among investors. This asset is located just 10 minutes from historical Chapel Hill, which draws significant demand from students and staff at Duke University,\u201d said Strauss.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Liviu Oltean, Associate Editor
\nIn an attempt to increase industrial and medical office assets, various companies in the Triangle have started to sell their office portfolios. Duke Realty, an Indianapolis-based company, listed for sale six buildings that represent about 12 […]<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1604],"tags":[],"class_list":["post-1004053582","post","type-post","status-publish","format-standard","hentry","category-latest","category-raleigh-durham"],"acf":[],"yoast_head":"\nCompanies Initiate Bulk Sales of Office Portfolios in the Triangle - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Companies Initiate Bulk Sales of Office Portfolios in the Triangle\" \/>\n<meta property=\"og:description\" content=\"By Liviu Oltean, Associate Editor In an attempt to increase industrial and medical office assets, various companies in the Triangle have started to sell their office portfolios. Duke Realty, an Indianapolis-based company, listed for sale six buildings that represent about 12 [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-09-07T20:50:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T07:18:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/DBImageBuilder.aspx_.jpg\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/\",\"name\":\"Companies Initiate Bulk Sales of Office Portfolios in the Triangle - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/DBImageBuilder.aspx_.jpg\",\"datePublished\":\"2011-09-07T20:50:36+00:00\",\"dateModified\":\"2022-12-08T07:18:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/DBImageBuilder.aspx_.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/DBImageBuilder.aspx_.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Companies Initiate Bulk Sales of Office Portfolios in the Triangle\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a12696609e74785a9cb5f8f7eae8bbd0\",\"name\":\"Liviu Oltean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/265a6706a31d40da5fe5c4a7485172229f6e635bc14e37e96c54508aae9b2141?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/265a6706a31d40da5fe5c4a7485172229f6e635bc14e37e96c54508aae9b2141?s=96&d=mm&r=g\",\"caption\":\"Liviu Oltean\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/liviuoltean\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Companies Initiate Bulk Sales of Office Portfolios in the Triangle - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/","og_locale":"en_US","og_type":"article","og_title":"Companies Initiate Bulk Sales of Office Portfolios in the Triangle","og_description":"By Liviu Oltean, Associate Editor In an attempt to increase industrial and medical office assets, various companies in the Triangle have started to sell their office portfolios. Duke Realty, an Indianapolis-based company, listed for sale six buildings that represent about 12 [...]","og_url":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2011-09-07T20:50:36+00:00","article_modified_time":"2022-12-08T07:18:54+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/DBImageBuilder.aspx_.jpg","type":"","width":"","height":""}],"author":"Liviu Oltean","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/","url":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/","name":"Companies Initiate Bulk Sales of Office Portfolios in the Triangle - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/DBImageBuilder.aspx_.jpg","datePublished":"2011-09-07T20:50:36+00:00","dateModified":"2022-12-08T07:18:54+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a12696609e74785a9cb5f8f7eae8bbd0"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/DBImageBuilder.aspx_.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/DBImageBuilder.aspx_.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/companies-initiate-bulk-sales-of-office-portfolios-in-the-triangle\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Companies Initiate Bulk Sales of Office Portfolios in the Triangle"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a12696609e74785a9cb5f8f7eae8bbd0","name":"Liviu Oltean","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/265a6706a31d40da5fe5c4a7485172229f6e635bc14e37e96c54508aae9b2141?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/265a6706a31d40da5fe5c4a7485172229f6e635bc14e37e96c54508aae9b2141?s=96&d=mm&r=g","caption":"Liviu Oltean"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/liviuoltean\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1158"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004053582"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053582\/revisions"}],"predecessor-version":[{"id":1004248673,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053582\/revisions\/1004248673"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004053582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004053582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004053582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}