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| Eaton Distribution Center, 8380 Capital Boulevard, North Raleigh submarket, Raleigh, NC |
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| Chris Norvell |
CHARLOTTE, NC –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $10.65 million sale of Eaton Distribution Center, a
185,000-square-foot, fully-leased, Class A industrial facility in Raleigh,
North Carolina.
HFF marketed the property
on behalf of the seller, Chris Woody & Associates. Stoltz Real Estate Partners purchased the
asset free and clear of existing debt.
Eaton Distribution Center
is triple net leased to Eaton Corporation, one of the largest industrial
manufacturers of power management producers in the world, as an office,
distribution and repairs center.
The air conditioned facility contains 163,971
square feet of warehouse space with a 24’ minimum clear height, 120’-170’ deep
concrete truck courts, 23 dock-high doors and one drive-in door.
Additionally, the facility
has 21,029 square feet of office space.
Eaton Distribution Center is situated on 23.4 acres at 8380 Capital
Boulevard in the North Raleigh submarket proximate to the U.S. Highway 1/Capital
Boulevard interchange, one of Raleigh’s primary transportation arteries.
The facility also has immediate access to
Interstate 540, providing routes to Interstates 85, 40 and 440; Raleigh-Durham
International Airport and Research Triangle Park.
The HFF investment sales
team representing the seller was led by senior managing director Chris Norvell, managing director Justin Good and director Scot Humphrey.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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