Monday, December 26, 2016

HFF and Triad Commercial Properties close sale of 4-property office/bank portfolio in Greensboro, NC

Four Office/Bank Buildings, Greensboro-Winston-Salem-High Point Area of North Carolina

Kevin Kemp
CHARLOTTE, NC  – Holliday Fenoglio Fowler, L.P. (HFF) and Triad Commercial Properties (Triad) announced they have closed the sale of four office/bank buildings totaling 136,860 square feet in the Greensboro-Winston-Salem-High Point area of North Carolina. 

HFF and Triad marketed the properties on behalf of the sellers, a joint venture between CBL & Associates Properties, Inc. and a pension fund investor advised by Heitman, and procured the buyer, Deep River Partners.   

The four-building portfolio is situated on approximately eight acres along Green Valley Road just west of downtown Greensboro and directly adjacent to the Friendly Center, the Triad’s premier shopping destination.

 The two- and three-story properties located at 600, 620, 625 and 629 Green Valley Road, are 93 percent leased to tenants including Wells Fargo, Bank of America, First Citizens Bank and Stifel Nicolaus.  

All of the buildings feature office space with ground floor retail banking operations of major multi-national and regional banks.

Director Scot Humphrey and senior managing director Ryan Clutter with HFF, along with Kevin Kemp and Jason Ofsanko with Triad Commercial Properties, represented the seller in the transaction.

“The strength of this location along with the positive fundamentals in the Greensboro market attracted a significant amount of interest from institutional buyers,” said Humphrey. “Well-located properties in the Triad will continue to command strong interest in 2017 as the market continues to flourish.”

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

Kristen M. Murphy
Director, Marketing
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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