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| HFF brokered the sale of four office properties in Durham, NC. They were Chelsea Place and Oxford Place (both shown above), Cambridge Hall and Canterbury Hall. |
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| Kreg Groat |
The properties are Chelsea Place, Oxford Place, Cambridge Hall and Canterbury Hall.
Chelsea Place and Oxford Place were marketed by
the HFF team. Kreg Groat, Chief Executive Officer of Crown Realty
& Development managed the transaction on behalf of the seller and the two
assets were sold to OA for $17.3 million.
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| Scott Humphrey |
Cambridge and Canterbury Hall were purchased by OA from the seller, Bridge Investment Group, who was also represented by HFF.
All four properties are located in the RTP/I-40
submarket of Raleigh-Durham within Imperial Center, the area’s premier business
park that has more than four million square feet of mixed-use space on 465
landscaped acres.
The park offers a market leading amenity
package, including various dining options, multiple retail destinations, four
name brand hotels and a host of health and fitness amenities.
This
location offers convenient access to Interstates 40 and 540, the area’s two
primary transportation nodes, connecting the property to Raleigh’s primary
residential communities, Raleigh-Durham International Airport and Research
Triangle Park.
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| Ryan Clutter |
Recently renovated, the properties are 86.5 percent leased to STEM and healthcare tenants, including Principled Technologies, Inc.; Gordon Asset Management, LLC and Social & Scientific Systems, Inc.
Cambridge Hall and Canterbury Hall are located
at 4813 and 4815 Emperor Boulevard. The twin three-story buildings total
89,797 square feet and are fully leased to tenants such as ThermoFisher
Scientific and McKesson Corporation.
The HFF investment advisory team representing
the sellers consisted of senior director Scot Humphrey, senior managing
director Ryan Clutter and director Christopher Lingerfelt.
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| Christopher Lingerfelt |
The firm is headquartered in Costa Mesa, California and with offices in Beverly Hills and Paradise Valley, Arizona
Holliday GP Corp.
("HFF") is a North Carolina licensed real estate broker.
For more information, please contact:
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
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