Sunday, June 26, 2016

HFF closes $35.225 million sale of two premier office properties within Regency Park in Raleigh-Durham, NC

100 and 200 Regency Forest Drive within Regency Park, Cary, NC

Scot Humphrey
CHARLOTTE, NC – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $35.225 million sale of 100 and 200 Regency Forest Drive, two premier office properties totaling 207,347 square feet within Regency Park in Cary, North Carolina.

HFF marketed the offering on behalf of the seller, a joint venture between Starwood Capital Group, Trinity Capital Advisors and Vanderbilt Partners, and procured the buyer, True North Management Group, LLC.

100 & 200 Regency Forest are situated on 42.12 acres within the prestigious Regency Park office park in the Raleigh-Durham suburb of Cary.  Positioned along the U.S. Highway 1 corridor, the properties have regional access to Raleigh and Apex as well as the executive neighborhoods of Regency, MacGregor Downs, Lochmere and Prestonwood Country Club.

 Completed in the late 1990’s, 100 & 200 Regency Forest feature brick and tinted glass exterior construction, two-story atriums and parking ratios of up to 4.35/1,000 rentable square feet.  

The tenancy is dominated by credit tenants focused in STEM industries including Cadence Design, MicroMass Communication, MercuryGate International, Crown Castle and Garmin International. 

Ryan Clutter
The HFF investment sales team representing the seller was led by Scot Humphrey, Ryan Clutter, and Chris Norvell.

“Regency Forest is one of many recent transactions in the Carolinas that was aggressively sought after by investors, many of whom still feel like the area is priced favorably compared to some of our peer markets such as Austin and Nashville,” said Humphrey. 

“The HFF Carolinas office currently has more than 2.8 million square feet of office buildings in escrow with buyers, illustrating the healthy amount of capital targeting the region.”

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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