Monday, November 16, 2015

Lincoln Harris Brokers $7.5 Million Sale of Cypress and Cedar East in Raleigh, NC

Kaler Walker
 RALEIGH, NC (Nov. 16, 2015) — Kaler Walker of Lincoln Harris has arranged the $7.5 million sale of Cypress and Cedar East, two office buildings totaling 79,186 square feet located in Raleigh. 

 Walker represented the seller, Cedar East & Cypress, LLC, in the transaction. Carter Worthy of Worthy Commercial represented the buyer, Debnam Properties, which owns an additional two buildings in the neighborhood. The buyer plans to occupy a portion of the buildings and continue leasing the rest.

The buildings are located at 3117 and 3101 Poplarwood Court, and were 73 percent leased in the third quarter. The buildings offer easy access to I-440, recently renovated common areas and move-in ready space.

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

Savannah Duncan
The Wilbert Group
404-343-0870 (O) 404-901-4433 (C)

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