{"id":1004263076,"date":"2018-09-06T04:12:04","date_gmt":"2018-09-06T12:12:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004263076"},"modified":"2022-12-08T18:41:02","modified_gmt":"2022-12-09T02:41:02","slug":"brookdale-group-buys-raleigh-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brookdale-group-buys-raleigh-office-park\/","title":{"rendered":"Brookdale Group Buys Raleigh Office Park"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004263079\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/WestChase.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004263079\" data-attachment-id=\"1004263079\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brookdale-group-buys-raleigh-office-park\/westchase\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/WestChase.jpg\" data-orig-size=\"1335,1001\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D810&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1522239875&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;16&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.0015625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"WestChase Office Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;WestChase Office Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/WestChase.jpg?w=1024\" class=\"wp-image-1004263079 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/WestChase.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/WestChase.jpg 1335w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/WestChase.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/WestChase.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/WestChase.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004263079\" class=\"wp-caption-text\">WestChase Office Park<\/p><\/div>\n<p>CBRE has brokered the sale of WestChase Office Park, a Class A, three-building campus in Raleigh, N.C. Aegon USA Realty Advisors sold the nearly 313,000-square-foot property to The Brookdale Group, Yardi Matrix data shows. TD Bank provided $43.8 million in acquisition financing to facilitate the deal.<\/p>\n<p>Located at 4000, 4011 and 4020 WestChase Blvd., in the Triangle\u2019s West Raleigh submarket, the buildings came online between 1986 and 1990. According to the same data provider, WestChase Office Park underwent a series of cosmetic renovations and previously changed hands in 2007, when Aegon purchased the campus from Equus Capital Partners.<\/p>\n<p>The CBRE team of Ben Kilgore, Brad Corsmeier, John Brewer, Chandler Hawkins and Leslie Holmes represented the seller. CBRE will continue to spearhead marketing efforts, with Corsmeier, Brewer and Hastings Crockard Jones handling leasing responsibilities at the property.<\/p>\n<p><em>\u201cWestChase Office Park allows The Brookdale Group to enter back into the Raleigh-Durham market with immediate scale,\u201d <\/em>Kilgore said in prepared remarks.<\/p>\n<p>Earlier this year, The Brookdale Group <a href=\"https:\/\/www.commercialsearch.com\/news\/cw-arranges-record-sale-of-orlando-office-park\/\">closed another office portfolio purchase<\/a>. The company acquired Colonial Center at TownPark, a roughly 662,000-square-foot office complex in Lake Mary, Fla.<\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company acquired the three-building WestChase Office Park from an institutional investor. TD Bank provided acquisition financing to facilitate the transaction.<\/p>\n","protected":false},"author":240,"featured_media":1004263079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,1604],"tags":[35029,41930,32789,34332],"class_list":["post-1004263076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-raleigh-durham","tag-aegon-usa-realty-advisors-llc","tag-ben-kilgore","tag-cbre","tag-the-brookdale-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brookdale Group Buys Raleigh Office Park - 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\/brookdale-group-buys-raleigh-office-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookdale Group Buys Raleigh Office Park\" \/>\n<meta property=\"og:description\" content=\"The company acquired the three-building WestChase Office Park from an institutional investor. 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