{"id":1004387801,"date":"2020-02-04T05:14:24","date_gmt":"2020-02-04T13:14:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004387801"},"modified":"2020-02-04T05:14:24","modified_gmt":"2020-02-04T13:14:24","slug":"longfellow-acquires-research-triangle-portfolio-for-65m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/longfellow-acquires-research-triangle-portfolio-for-65m\/","title":{"rendered":"Longfellow Acquires Research Triangle Portfolio for $65M"},"content":{"rendered":"
\"\"<\/a>

507 Airport Blvd. Image courtesy of Longfellow Real Estate Partners<\/i><\/p><\/div>\n

Longfellow Real Estate Partners has acquired Perimeter\u2019s Edge, a five-building office\/flex portfolio totaling 399,072 square feet in Morrisville, N.C. The buyer paid Singerman Real Estate $64.7 million for the assets, according to public records. This acquisition brings the company\u2019s portfolio in North Carolina to a total of 2.3 million square feet.<\/p>\n

Located at 2400, 2450 and 2600 Perimeter Park Drive, 507 Airport Blvd. and 5151 McCrimmon Parkway, the single-story buildings are situated within Perimeter Park, a 3 million-square-foot Class A office development. The campus is 3 miles from Raleigh-Durham International Airport and roughly 6 miles from Research Triangle Park, N.C. Perimeter Park\u2019s amenities include green space, walking trails, several restaurants, hospitality options and fitness facilities.<\/p>\n

Completed in 1990 and renovated in 2002, the portfolio will undergo another upgrade. The new owner will execute a capital improvement plan which calls for upgrades to the facade and landscape and converting vacant spaces to modern labs.<\/p>\n

Longfellow is also active in western U.S. markets. Last July, the company paid $205 million for Palo Alto Technology Center<\/a>, a 260,000-square-foot office property in San Jose, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"

The five buildings are located in Perimeter Park, a 3 million-square-foot office campus.<\/p>\n","protected":false},"author":867,"featured_media":1004387804,"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":[34162,33755,43481],"class_list":["post-1004387801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-raleigh-durham","tag-longfellow-real-estate-partners","tag-perimeter-park","tag-singerman-real-estate"],"acf":[],"yoast_head":"\nLongfellow Acquires Research Triangle Portfolio for $65M - 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\/longfellow-acquires-research-triangle-portfolio-for-65m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Longfellow Acquires Research Triangle Portfolio for $65M\" \/>\n<meta property=\"og:description\" content=\"The five buildings are located in Perimeter Park, a 3 million-square-foot office campus.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/longfellow-acquires-research-triangle-portfolio-for-65m\/\" \/>\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=\"2020-02-04T13:14:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/507-Airport-Blvd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\/longfellow-acquires-research-triangle-portfolio-for-65m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/longfellow-acquires-research-triangle-portfolio-for-65m\/\",\"name\":\"Longfellow Acquires Research Triangle Portfolio for $65M - 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