{"id":1004179078,"date":"2017-06-02T14:48:17","date_gmt":"2017-06-02T22:48:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004179078"},"modified":"2022-12-08T13:50:39","modified_gmt":"2022-12-08T21:50:39","slug":"raleigh-office-building-changes-hands-for-8m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/raleigh-office-building-changes-hands-for-8m\/","title":{"rendered":"Raleigh Office Building Changes Hands for $8M"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1496340755_em-e1496400040208.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004179082\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/raleigh-office-building-changes-hands-for-8m\/1496340755_em\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1496340755_em-e1496400040208.jpg\" data-orig-size=\"700,357\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1496340755_em\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1496340755_em-e1496400040208.jpg?w=700\" class=\"alignright wp-image-1004179082 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1496340755_em.jpg\" alt=\"\" width=\"300\" height=\"153\" \/><\/a><\/p>\n<p>HFF recently worked on behalf of The Simpson Organization, an Atlanta-based <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-secures-lease-at-ga-office-park\/\">commercial real estate agency<\/a>, to sell 3110 Edwards Mill. The asset, a 45,692-square-foot, three-story, office building in Raleigh, N.C., traded for $8 million. HFF also procured the buyer, a private investor represented by Michael Waldrop of Waldrop Properties.\u00a0<\/p>\n<p>Situated on a 3-acre site at 3110 Edwards Mill, within minutes of the inner beltway of West Raleigh, the property provides easy access to the Triangle\u2019s main thoroughfares, including Interstates 440 and 40. The two highways connect the asset to downtown Raleigh, the Raleigh-Durham International Airport, downtown Durham and many of the area\u2019s communities. Built in 1998, 3110 Edwards Mill is 93 percent occupied by law firms and financial service providers, including Hutchinson PLLC and Underwood &amp; Roberts PLLC.<\/p>\n<p>Director Scot Humphrey, Senior Managing Director Ryan Clutter and Associate Director Chris Lingerfelt led HFF\u2019s team in this transaction.<\/p>\n<p><em>Image courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.   <\/p>\n","protected":false},"author":238,"featured_media":1004179082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1604],"tags":[32792,34578,35940],"class_list":["post-1004179078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-raleigh-durham","tag-hff","tag-the-simpson-organization","tag-waldrop-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Raleigh Office Building Changes Hands for $8M - 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\/raleigh-office-building-changes-hands-for-8m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raleigh Office Building Changes Hands for $8M\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/raleigh-office-building-changes-hands-for-8m\/\" \/>\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=\"2017-06-02T22:48:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:50:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1496340755_em-e1496400040208.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"357\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\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\\\/raleigh-office-building-changes-hands-for-8m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/raleigh-office-building-changes-hands-for-8m\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"Raleigh Office Building Changes Hands for $8M\",\"datePublished\":\"2017-06-02T22:48:17+00:00\",\"dateModified\":\"2022-12-08T21:50:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/raleigh-office-building-changes-hands-for-8m\\\/\"},\"wordCount\":157,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/raleigh-office-building-changes-hands-for-8m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/06\\\/1496340755_em-e1496400040208.jpg\",\"keywords\":[\"HFF\",\"The Simpson Organization\",\"Waldrop Properties\"],\"articleSection\":[\"Deals\",\"Investment\",\"News\",\"Office\",\"Raleigh-Durham\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/raleigh-office-building-changes-hands-for-8m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/raleigh-office-building-changes-hands-for-8m\\\/\",\"name\":\"Raleigh Office Building Changes Hands for $8M - 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