Saturday, October 17, 2015

HFF arranges acquisition financing for Keystone Technology Park within North Carolina’s Research Triangle

Keystone Technology Park, 12 Davis Drive, Morrisville, NC

Greg  LaBine
CHARLOTTE, NC –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for Keystone Technology Park, an 11-building, 806,157-square-foot, Class A office and R&D portfolio in Morrisville, North Carolina.

HFF worked on behalf of the borrower, Longfellow Real Estate Partners, to secure the four-year, floating-rate loan through Bank of America.  Additionally, the asset was sold on behalf of Lionstone Partners in a transaction led by HFF’s Chris Norvell, formerly of Cushman & Wakefield Thalhimer. 

 Keystone Technology Park consists of 79.5 acres located at 12 Davis Drive just off NC Highway 147/Triangle Expressway near its intersection with Interstates 40 and 540 in Morrisville.  

The property is adjacent to Research Triangle Park and convenient to area medical and academic research institutions such as the University of North Carolina and UNC Hospitals, Duke University and the Duke University Health System and North Carolina State University.

 The 11 buildings feature a mix of Class A office, electronic lab and wet lab space.  Tenants at the 81-percent-leased park include Syngenta, Booze Allan Hamilton, Advanced Liquid Logic, Intersil Corporation and Infineon. 

Keystone Technology Park offers tenants on-site amenities such as a café, fitness center and game room, walking trails, basketball court, picnic areas, food trucks and a weekly farmers market.  The acquisition expands Longfellow’s fast growing ecosystem of premier life sciences and tech space, which includes the nearby award-winning Durham Innovation District (aka Durham.ID).   

The HFF debt placement team representing the borrower was led by managing director Greg LaBine, senior managing director Travis Anderson and associate director Cory Fowler.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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