{"id":1004127452,"date":"2015-09-15T07:08:21","date_gmt":"2015-09-15T15:08:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360838"},"modified":"2022-12-08T22:47:57","modified_gmt":"2022-12-09T06:47:57","slug":"durhams-headquarters-park-changes-ownership","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/durhams-headquarters-park-changes-ownership\/","title":{"rendered":"Durham\u2019s Headquarters Park Changes Ownership"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

CBRE|Raleigh<\/a> has finalized the sale of Headquarters Park, on behalf Transwestern Investment Group. The property was sold for $6.6 million, according to the Triangle Business Journal<\/a>, <\/em>and the asset\u2019s new owner is <\/em>Charlotte-based Grubb Properties<\/a>.<\/p>\n

\"Headquarters<\/a><\/p>\n

Headquarters Park<\/p>\n<\/div>\n

The office property is composed of two four-story class B buildings known as Headquarters Park Alpha and Headquarters Park Beta. The asset reaches 147,477 square feet of rentable space on 16 acres of land and its amenities include three tennis courts, a volleyball area and picnic tables.<\/p>\n

\u201cThe vacancy of the park provided a great redevelopment opportunity for Grubb Properties,\u201d said in a prepared statement Ben Kilgore, executive vice president of CBRE|Raleigh.\u00a0\u201cThe limited inventory of large block options in the market creates leverage for Headquarters Park.\u00a0 Grubb Properties intends to redevelop this asset as a class A office environment that should compete favorably in the improving Triangle market place.\u201d<\/p>\n

Grubb Properties plans to redevelop Headquarters Park and do a complete overhaul on the electrical and mechanical systems, as well as renovations for the Alpha and Beta\u2019s interiors and exteriors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two four-story class B buildings known as Headquarters Park Alpha and Beta in Raleigh have a new owner.<\/p>\n","protected":false},"author":735,"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":[682],"class_list":["post-1004127452","post","type-post","status-publish","format-standard","hentry","category-latest","category-raleigh-durham","tag-news"],"acf":[],"yoast_head":"\nDurham\u2019s Headquarters Park Changes Ownership - 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\/durhams-headquarters-park-changes-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Durham\u2019s Headquarters Park Changes Ownership\" \/>\n<meta property=\"og:description\" content=\"The two four-story class B buildings known as Headquarters Park Alpha and Beta in Raleigh have a new owner.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/durhams-headquarters-park-changes-ownership\/\" \/>\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=\"2015-09-15T15:08:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:47:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Headquarters-Park.jpg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/durhams-headquarters-park-changes-ownership\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/durhams-headquarters-park-changes-ownership\\\/\"},\"author\":{\"name\":\"Adelina Osan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"headline\":\"Durham\u2019s Headquarters Park Changes Ownership\",\"datePublished\":\"2015-09-15T15:08:21+00:00\",\"dateModified\":\"2022-12-09T06:47:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/durhams-headquarters-park-changes-ownership\\\/\"},\"wordCount\":189,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/durhams-headquarters-park-changes-ownership\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/Headquarters-Park.jpg\",\"keywords\":[\"News\"],\"articleSection\":[\"News\",\"Raleigh-Durham\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/durhams-headquarters-park-changes-ownership\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/durhams-headquarters-park-changes-ownership\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/durhams-headquarters-park-changes-ownership\\\/\",\"name\":\"Durham\u2019s Headquarters Park Changes Ownership - 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