 |
| Sarah Godwin |
CHARLOTTE,
NC June 30, 2020 – JLL Capital Markets announced today it
has closed the $10.9 million sale of Davis Park East, a 21.07-acre,
shovel-ready, multi-housing development site adjacent to the Research Triangle
Park node in Durham, North Carolina.
JLL
marketed the property on behalf of the seller, Lee Properties Group, and
procured the buyer, a joint venture with Wood Partners and Stockbridge.
Davis
Park East is approved for up to 403 multi-housing units and 25,000 square feet
of commercial space. Located at 4701 Hopson Rd. in Durham, the site is minutes
from both Raleigh and Durham’s downtowns.
 |
| John Mikels |
Davis Park East is within walking
distance to retail and restaurants and is proximate to 2.5 million square feet
of office space within the Imperial Center.
The
JLL Capital Markets team was led by Director Sarah Godwin and Senior
Associate John Mikels.
For
more news, videos and research resources on JLL, please visit our newsroom.
Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to
being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones
Lang LaSalle Americas, Inc.
Contact:
Kimberly
Steele
JLL Senior Associate
Public
Relations
Phone: +1
713 852 3420
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