Thursday, January 31, 2019

HFF announces $19.9 million sale of newly constructed office building in Chapel Hill, NC



The Station at East 54 office building, Chapel Hill, NC

CHARLOTTE, NC –– HFF announces the $19.925 million sale of The Station at East 54, a newly constructed, Class A office building totaling 47,856 square feet in Chapel Hill, North Carolina.

The HFF team represented the seller, a joint venture between East West Partners Management Company of NC and Northridge Capital, and procured the buyer, Durham, North Carolina-based Mattie Equity, LLC.

Ryan Clutter
Completed in 2018, The Station at East 54 is a state-of-the-art office asset that is fully leased to two tenants, including Spaces, a subsidiary of Regus that provides creative and flexible co-working spaces, and TrueBridge Capital Partners.  

The Class A property is located within two miles of the University of North Carolina at Chapel Hill and features floor-to-ceiling windows with sweeping views of the UNC Finley Golf Course, ultra-modern interior finishes, creative meeting spaces, smart conference rooms, modern employee lounges and an attached two-story parking deck. 

 The building is adjacent to the walkable East 54 mixed-use urban development that features numerous street-level dining and retail offerings, offices, top-tier multi-housing units, a 130-room Aloft Hotel and luxury residential condominiums. 


Scot Humphrey
 Additionally, The Station at East 54 is located along the Highway 54 corridor that connects Chapel Hill and Research Triangle Park, offering tenants and visitors unmatched accessibility to North Carolina’s flourishing “Triangle” region.

The HFF investment advisory team representing the seller consisted of managing director Scot Humphrey, senior managing director Ryan Clutter, senior director Chris Lingerfelt and director Zack Drozda. 

“Ultra-modern jewel box office buildings like The Station at East 54 are highly coveted by investors and incredibly challenging to find in today’s market,” Humphrey commented. 

“This is especially true in Raleigh-Durham, where overall investor interest is off the charts due to a collective belief in the market’s ability to grow at an outsized clip over the foreseeable future.”  

Chris Lingerfelt
Holliday GP Corp. ("HFF") is a North Carolina licensed real estate broker.

Headquartered in Chapel Hill, North Carolina, East West Partners has been developing innovative communities in major markets, including the Research Triangle and Charlotte. 

 For more information, please visit: www.ewp-nc.com.

Founded in 1997 as a private asset manager for a prominent regional family group, Northridge Capital is an independent, private investment advisor and asset manager dedicated to providing a high level of personalized service for its clients. 

Since 2002, Northridge has expanded its activities to include operating as an independent, third-party investment advisor and asset manager on behalf of multiple American and Middle Eastern investors, including High Net Worth (HNW) individuals, families, and institutions. 

Northridge Capital has a national geographic footprint historically and currently focuses on Washington D.C., Texas, and the Southeast including Raleigh/ Durham (NC), Charlotte (NC), Nashville (TN), Atlanta (GA), Richmond (VA), Charleston (SC), and Central and Southeast Florida. 

For more information please visit www.northridgecapital.com .

Zack Drozda
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. 

 HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  

HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).

  For more information, please visithfflp.com or follow HFF on Twitter @HFF.

CONTACTS:

RYAN CLUTTER
NC Lic. #172952
HFF Senior Managing Director
(704) 526-2800

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990

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