Tuesday, June 6, 2017

HFF closes $8.3 million sale of Class A office building in Raleigh-Durham, NC

3110 Edwards Mill Office Building, Raleigh-Durham, NC

Scot Humphrey

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 3110 Edwards Mill, a 45,692-square-foot, three-story, Class A office building in Raleigh-Durham, North Carolina.

 HFF marketed the property on behalf of the seller, Atlanta-based The Simpson Organization, and procured the buyer, a private investor represented by Michael Waldrop of Waldrop Properties.

The property is situated on a 3.0-acre site at 3110 Edwards Mill within minutes of the inner beltline of West Raleigh. 

 This highly-amenitized location has easy access to the Triangle area’s main thoroughfares, including Interstates 440 and 40, which provide connectivity to downtown Raleigh, RDU International Airport, downtown Durham and many of the area’s exclusive “inside the beltline” communities.

Ryan Clutter
 3110 Edwards Mill is 92.5 percent occupied by a variety of law firms and financial service providers, including Hutchinson, PLLC, and Underwood & Roberts, PLLC 

The HFF investment sales team representing the seller was led by director Scot Humphrey, senior managing director Ryan Clutter and associate director Chris Lingerfelt.

“3110 Edwards Mill represents an outstanding investment opportunity due to its premier location, attractive stability and future upside potential with in-place rents that are greatly under market,” said Humphrey.

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

Kristen M. Murphy
Director, Public Relations
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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