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| 301 North Elm Street, Greensboro, NC |
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| Frank Meyrath |
Located in the heart
of Greensboro, North Carolina's central business district, 301 N. Elm St. is
one of only seven Class A office buildings in the submarket.
“The building is
well-positioned to take advantage of the improving Greensboro market, which was
recently named by Forbes magazine as one of the fastest growing cities in the
United States,” said Frank Meyrath,
VP of Capital Markets for Bull Realty.
“This is a great acquisition for the buyer, a subsidiary of
The Simpson Organization. They intend to take advantage of the upside potential
and position the property to benefit from the overall improvements in the economy.”
Michael Bull said, “We are an Atlanta-based brokerage licensed in 9 states. We are pleased to have been chosen to market a Class A asset in North Carolina.”
Greensboro has made a
significant investment in its downtown district. Directly across from 301 N.
Elm St. is a planned performing arts center which will be a big draw to the
area.
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| Michael Bull |
“This is the second
disposition we handled for the seller,” said Meyrath. “After accepting the
assignment, the marketing generated interest and offers from investors across
the country and from Europe.
"Ultimately, the buyer was chosen on a number of factors including pricing and a history of successfully closed transactions.”
"Ultimately, the buyer was chosen on a number of factors including pricing and a history of successfully closed transactions.”
The seller recently completed significant improvements to
the property with a complete reskinning of the building with a new exterior
shell in 2014. According to Meyrath, the new look was well-received by tenants
and the community.
For a complete copy
of the company’s news release, please contact:
Melissa Henry
Communications Associate
Bull Realty, Inc.
50 Glenlake Pkwy, Suite 600
Atlanta, GA 30328
404-876-1640 x 110
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