{"id":1004170591,"date":"2017-03-29T08:25:02","date_gmt":"2017-03-29T16:25:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004170591"},"modified":"2022-12-07T07:53:41","modified_gmt":"2022-12-07T15:53:41","slug":"southern-gateway-lands-77m-construction-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/","title":{"rendered":"Southern Gateway Lands $77M Construction Loan"},"content":{"rendered":"

By IvyLee Rosario<\/em><\/p>\n

\"Southern<\/a>

Rendering of Southern Gateway in Durham’s Innovation District<\/p><\/div>\n

Durham, N.C.<\/strong>\u2014HFF has arranged a $77.5 million construction loan for the Southern Gateway development at 224 Morris St. in Durham’s Innovation District.<\/p>\n

HFF’s debt placement team led by Managing Director Greg LaBine and Director Cory Fowler worked on behalf of the borrower, Longfellow Real Estate Partners, to secure the floating-rate construction loan through Citizens Bank and Capital One.<\/p>\n

Southern Gateway will include a 162,097-square-foot office building, a 161,534-square-foot office building leased entirely to Duke University and a 1,260-space parking garage. Slated for completion in 2018, the 2.9-acre development will be located in the heart of the Innovation District, a mixed-use, master-planned development totaling more than 1 million square feet of office, lab and residential space downtown.<\/p>\n

\u201cThe urbanization trend of downtown Durham, coupled with the explosive growth within the Triangle has further tightened the office vacancy in Durham,” said Fowler in prepared remarks.<\/p>\n

Image courtesy of Barnhill Contracting Co.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Slated for completion in 2018, the 2.9-acre development will rise in the heart of Durham’s Innovation District. <\/p>\n","protected":false},"author":746,"featured_media":1004170594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21752,21742,1604],"tags":[34657,32792],"class_list":["post-1004170591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-mixed-use","category-latest","category-raleigh-durham","tag-greg-labine","tag-hff"],"acf":[],"yoast_head":"\nSouthern Gateway Lands $77M Construction Loan - 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\/southern-gateway-lands-77m-construction-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Southern Gateway Lands $77M Construction Loan\" \/>\n<meta property=\"og:description\" content=\"Slated for completion in 2018, the 2.9-acre development will rise in the heart of Durham's Innovation District.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/\" \/>\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=\"2017-03-29T16:25:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T15:53:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Durham-Innovation-District-Southern-Gateway-rendering.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\\\/southern-gateway-lands-77m-construction-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/\"},\"author\":{\"name\":\"IvyLee Rosario\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f2094ece0e063845f848c7f1c7b84780\"},\"headline\":\"Southern Gateway Lands $77M Construction Loan\",\"datePublished\":\"2017-03-29T16:25:02+00:00\",\"dateModified\":\"2022-12-07T15:53:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/\"},\"wordCount\":174,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/03\\\/Durham-Innovation-District-Southern-Gateway-rendering.jpg\",\"keywords\":[\"Greg LaBine\",\"HFF\"],\"articleSection\":[\"Development\",\"Finance\",\"Mixed Use\",\"News\",\"Raleigh-Durham\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/\",\"name\":\"Southern Gateway Lands $77M Construction Loan - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/03\\\/Durham-Innovation-District-Southern-Gateway-rendering.jpg\",\"datePublished\":\"2017-03-29T16:25:02+00:00\",\"dateModified\":\"2022-12-07T15:53:41+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/03\\\/Durham-Innovation-District-Southern-Gateway-rendering.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/03\\\/Durham-Innovation-District-Southern-Gateway-rendering.jpg\",\"width\":800,\"height\":600,\"caption\":\"Durham Innovation District Southern Gateway rendering\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southern-gateway-lands-77m-construction-loan\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Southern Gateway Lands $77M Construction Loan\"}]},{\"@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\\\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/IvyLee_Rosario.jpg?w=67\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\\\/\\\/www.linkedin.com\\\/in\\\/ivyleerosario\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/ivyleerosario\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Southern Gateway Lands $77M Construction Loan - 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\/southern-gateway-lands-77m-construction-loan\/","og_locale":"en_US","og_type":"article","og_title":"Southern Gateway Lands $77M Construction Loan","og_description":"Slated for completion in 2018, the 2.9-acre development will rise in the heart of Durham's Innovation District.","og_url":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-03-29T16:25:02+00:00","article_modified_time":"2022-12-07T15:53:41+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Durham-Innovation-District-Southern-Gateway-rendering.jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/"},"author":{"name":"IvyLee Rosario","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"headline":"Southern Gateway Lands $77M Construction Loan","datePublished":"2017-03-29T16:25:02+00:00","dateModified":"2022-12-07T15:53:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/"},"wordCount":174,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Durham-Innovation-District-Southern-Gateway-rendering.jpg","keywords":["Greg LaBine","HFF"],"articleSection":["Development","Finance","Mixed Use","News","Raleigh-Durham"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/","url":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/","name":"Southern Gateway Lands $77M Construction Loan - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Durham-Innovation-District-Southern-Gateway-rendering.jpg","datePublished":"2017-03-29T16:25:02+00:00","dateModified":"2022-12-07T15:53:41+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Durham-Innovation-District-Southern-Gateway-rendering.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Durham-Innovation-District-Southern-Gateway-rendering.jpg","width":800,"height":600,"caption":"Durham Innovation District Southern Gateway rendering"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/southern-gateway-lands-77m-construction-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Southern Gateway Lands $77M Construction Loan"}]},{"@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\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/","url":"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Durham-Innovation-District-Southern-Gateway-rendering.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004170591","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\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004170591"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004170591\/revisions"}],"predecessor-version":[{"id":1004626334,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004170591\/revisions\/1004626334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004170594"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004170591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004170591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004170591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}