Raleigh-Durham Capital Markets Group Represents Seller in Portfolio Disposition RALEIGH-DURHAM, NC, January 2, 2017 – B&G Real Estate Investment Management in a joint venture with Priam Capital has announced their purchase of The Arbors – a three building, 211,504 square-foot office portfolio situated within Highwoods Office Center in Raleigh, NC. The Class A buildings are located at 3120, 3128, and 3200 Highwoods Boulevard, and were 99 percent leased at closing. This acquisition marks B&G’s and Priam’s first in the Triangle area. Cushman & Wakefield’s Capital Markets Teams of Raleigh-Durham and Atlanta arranged the sale on behalf of the Seller – The Simpson Organization / Harbert Management Corporation. Cushman & Wakefield’s Equity, Debt, & Structured Finance Team in Atlanta arranged financing for B&G, and Lincoln Harris Raleigh advised during the due diligence. Cushman & Wakefield Raleigh-Durham Leasing Team has been appointed as the primary leasing agency for the portfolio. Lincoln Harris team led [...]
Millpond Village Raleigh-Durham’s Agency Leasing team Hillman Duncan, Dennis Hurley, and Patti Autry represented owners The Simpson Organization in a 55,000-square-foot (sf) lease with Wake Technical Community College in Cary, NC. Millpond Village is a three-story, Class-A office building located in a rapidly growing residential market, conveniently positioned for customers and employees who want to walk or bike from home.
Cushman & Wakefield Represents Tenant in Office Relocation to 7701 Six Forks Road Horizon II, 7701 Six Forks Road RALEIGH, North Carolina, November 9, 2017 – Cushman & Wakefield announced today that the firm has represented PLC Rouse Norton in its relocation to 7701 Six Forks Road in Raleigh, North Carolina. Cushman & Wakefield Senior Director Bob Van Wormer and Managing Director Dennis Hurley represented PLC Rouse Norton in the 11,000-square-foot office lease with a seven-year lease term. The owner was represented by Avison Young. PLC Rouse Norton is one of the Triangle’s leading full-service CPA firms serving the Raleigh metro region and specializing in all areas of corporate and individual taxes, audits, compilations, financial and estate planning, dental practice management, and IRS representation. The relocation is in response to the recent merger between Perkins Lund Collar and Rouse Norton earlier this year. The new facility will expand the [...]
For the third year in a row, Cushman & Wakefield Raleigh-Durham is named Best Places to Work by the Triangle Business Journal. Culture was cited as the No. 1 reason which propelled our office to the top 5 within the medium size company category. This year the office voted on t-shirt designs and Good Vibes and High Fives topped the list, sparking the idea to attend the lively event decked out in beach themed accessories (surf boards and snorkels included) to highlight our annual beach day. Fifty winners were chosen based on an employee survey process conducted by Quantum Workplace. Once nominated, each company had to meet a threshold in employee participation—a percentage that varies based upon the size of the company—to be eligible for the honor.
4018 Stirrup CreekLifestar Pharma Cushman & Wakefield Represents Buyer in Build-to-Suit Transaction RALEIGH/DURHAM, North Carolina, July 31, 2017 – Cushman & Wakefield today announced the sale of 4018 Stirrup Creek Drive within Triangle Business Center Industrial park in Durham, North Carolina. Senior Director Deborah Boucher and Associate Kathryn Lawn represented the buyer, Lifestar Pharma LLC, in the acquisition of the 96,000-square-foot build-to-suit facility. Lifestar Pharma, based in Mahwah, New Jersey, is a subsidiary of Mankind Pharma Limited, one of the top-five pharmaceutical companies in India. Lifestar Pharma chose to expand into the Triangle for the area’s high prevalence of top talent and nationally ranked research universities. Dr. Vijay Soni, CEO for Lifestar Pharma, said, “We are very excited to announce this new venture, to expand our footprint in the USA with a R&D and manufacturing set up in one of North America’s largest science and technology hubs.” Added [...]
Raleigh/Durham Capital Markets Group Represents Seller in Mixed-Use Disposition Golden Belt Campus, Durham, NC RALEIGH/DURHAM, North Carolina, July 10, 2017 – Cushman & Wakefield today announced the sale of Golden Belt, an all-historic, LEED Gold certified mixed-use campus located in Downtown Durham. Managing Director David Finger and Director Sara Owen represented the seller, Scientific Properties, in the transaction, their fourth historic Downtown Durham sale in two years. LRC Properties, a real estate investment firm with offices in New York and Charlotte, purchased the 145,000 square foot portfolio following their August 2016 acquisition and planned redevelopment of Mill No. 1, located adjacent to the Golden Belt campus. Golden Belt was first home to Golden Belt Manufacturing Co. (a subsidiary of American Tobacco), and functioned as a cotton mill and manufacturing plant for tobacco byproducts and a small variety of other cotton goods. The first of its six buildings was [...]
Bryant to Lead Triad, Triangle and Eastern Carolina Regions CHARLOTTE, North Carolina, July 5, 2017 – Watson Bryant has been promoted to Senior Partner of Cushman & Wakefield’s Southeast Multifamily Advisory Group. Bryant recently relocated from Charlotte, North Carolina, to Raleigh, North Carolina, where he will manage brokerage activities in the Triad, Triangle, and Eastern North Carolina regions. Bryant will continue to work closely with Marc Robinson, Vice Chair, and Jordan McCarley, Executive Managing Director, to provide brokerage services across the Carolinas. Bryant joined the Southeast Multifamily Advisory Group as a Managing Director when Cushman & Wakefield acquired Multi Housing Advisors (MHA) in 2016. While at MHA, he was responsible for the firm’s brokerage activities throughout the Carolinas and Virginia. During the last four years, Bryant spearheaded the execution of transactions in excess of 30,000 units worth more than $1 billion in value. Prior to joining MHA, Bryant held the [...]
Surprise findings in a Top 25 that otherwise secures Silicon Valley’s crown as king of tech Raleigh-Durham-Chapel Hill, North Carolina., June 8, 2017 – Raleigh-Durham-Chapel Hill, North Carolina, has emerged in fifth place within the top 25 U.S. tech cities, with San Jose (Silicon Valley) and San Francisco capturing the first and second spots respectively, according to Cushman & Wakefield’s inaugural “Tech Cities 1.0” national report launched today. “Raleigh-Durham-Chapel Hill, often referred to as the ‘Triangle’ by locals because of the shape these three proximate cities form on a map, has developed into a major market for technology companies given the area’s deep pool of skilled labor, the presence of three prominent universities, and its reputation as a medical and technology research hub,” said Mr. Rich Harris, Managing Principal, Cushman & Wakefield, specializing in tenant brokerage and expert on the tech sector, Raleigh-Durham, North Carolina. The top 25 tech cities [...]
Three New Tenants Sign Leases for a Combined 80,000 SF RALEIGH, NC, May 22, 2017 – Cushman & Wakefield’s Agency Leasing team recently completed three transactions totaling 80,000 square feet at 6501 Weston Parkway (6501 Weston). As a result of this wave of activity, the three-story office building is now 90% leased. Cushman & Wakefield Managing Directors Dennis Hurley and Hillman Duncan and Associate Patti Autry negotiated the leases on behalf of the landlord, a joint-venture of Childress Klein and WHI Real Estate Partners LP. 6501 Weston’s new tenants include Charter Communications, a telecommunication service provider; Zift Solutions, a software company with a focus on channel marketing and management automation; and Aerotek, a provider of recruiting and staffing services. The building underwent significant improvements as part of a vision with the client to proactively reposition the 6501 Weston in the market. “The redevelopment strategy played an important role in our [...]
Raleigh-Durham Capital Markets Group Represents Seller in Industrial Disposition Raleigh, NC | March 31st, 2017 – Cushman & Wakefield, a global leader in commercial real estate services, announced today the sale of 4102 S Miami Boulevard, a center-of-market industrial asset located in Durham, NC, adjacent to the Research Triangle Park. Director Sara Owen along with Managing Director David Finger of the Cushman & Wakefield Raleigh-Durham Capital Markets team represented the seller, Binswanger, in the transaction. Binswanger is an international real estate organization based in Philadelphia, PA and has multiple offices around the globe, located in the US, Canada, Latin America, Europe, Middle East, and Asia. Mr. Finger added, “4102 S Miami is a 100% occupied, well-maintained, and ideally located asset in one of Raleigh-Durham’s top performing submarkets. We think the recent improvements to the property position it very well for the future.” Finger also stated, “The high level of interest [...]