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| Four Office/Bank Buildings, Greensboro-Winston-Salem-High Point Area of North Carolina |
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| 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.
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 | www.hfflp.com
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