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| 100 and 200 Regency Forest Drive within Regency Park, Cary, NC |
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| 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.
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| 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 | www.hfflp.com
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