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| Glenwood Plaza Office Building, 3605 Glwnwood Avenue, Raleigh-Durham, NC |
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| Ryan Clutter |
CHARLOTTE, NC, May 30,
2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the sale of Glenwood Plaza, a
133,905-square-foot, Class A office building in Raleigh-Durham, North Carolina.
HFF marketed the property
on behalf of the seller, American Realty Advisors, and procured the buyer.
Glenwood Plaza is situated
on a ground lease across 8.8 acres at 3605 Glenwood Avenue, along the
prestigious Glenwood Avenue corridor in West Raleigh.
This “inside the beltline” location has
superior regional connectivity via Glenwood Avenue/Highway 70 and Interstates
440 and 40, and easy access to Carolina Country Club, Crabtree Valley Mall,
Downtown Raleigh, NC State University and PNC Arena.
The five-story, fully leased property is
anchored by BB&T Corporation and also functions as the headquarters for the
law firm Manning, Fulton and Skinner, PA.
The HFF investment sales
team representing the seller was led by director Scot Humphrey, senior managing
director Ryan Clutter and associate
director Chris Lingerfelt.
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| Chris Lingerfelt |
“Glenwood Plaza is one of
the premier office buildings in the Raleigh market,” said Humphrey. “The prestige of this location, coupled with
the robust economic growth occurring in Raleigh-Durham right now, generated a
significant amount of investor interest in the offering.”
“We anticipate
institutional interest will continue to intensify across the region over the
balance of the year as the market’s fundamentals continue to outperform other
peer markets,” added 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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