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| Chris Norvell |
CHARLOTTE, NC –– Holliday
Fenoglio Fowler, L.P. (HFF) announced its Carolinas investment sales team has
closed the $21.2 million sale of New Hope Commerce Center, a two-building,
Class A+, 100-percent-leased industrial portfolio totaling 252,330 square feet
in Raleigh, North Carolina.
HFF senior managing
director Chris Norvell, formerly of
Cushman & Wakefield Thalhimer, represented Brookwood Capital Partners in
the sale of the buildings to Stockbridge Real Estate.
New Hope Commerce Center’s
two buildings are located at 4200 and 4205 Global Street in the East Wake
submarket.
The center is situated on
26.69 acres just south of the convergence of Interstates 495 and 440, providing
access to the major distribution corridors in the Southeast. The buildings feature 120’ to 132’ deep truck
courts with 60’ concrete aprons, 60’ deep bays and 28’ to 30’ minimum clear
heights.
Owens & Minor, a medical and surgical
supplies distributor and healthcare supply-chain management solutions provider,
leases the 151,135-square-foot 4200 Global building as its primary distribution
facility for the eastern part of the Carolinas, and TBC Corporation, the
largest subsidiary of Sumitomo Corporation, leases the 101,195-square-foot 4205
Global Street property.
“We continue to see
growing interest from institutional level buyers in the Raleigh-Durham
industrial market,” Norvell said.
“Strong fundamentals in the market, particularly exponential rent
growth, will make the Raleigh region a hot commodity going into 2016.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate 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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