Raleigh-Durham Capital Markets Team Arranges Sale of 2235 Gateway Access Point RALEIGH-DURHAM, NC, December 11, 2018 – Cushman & Wakefield today announced the sale of 2235 Gateway Access Point, a mixed-use office and retail development located at the intersection of Lake Boone Trail and Gateway Access Point in West Raleigh. Cushman & Wakefield Managing Director David Finger and Director Sara Owen represented the seller, Union Bank & Trust, in the sale of the Class A office building totaling 45,746 square feet. As part of the transaction, Union Bank & Trust signed a lease for a portion of space in the building, which it and its predecessors have occupied since the building’s construction in 2007. Griffin Partners acquired the building and is now the sole owner of all four buildings located within the Marketplace at Lake Boone development. About Union Bank & Trust Headquartered in Richmond, Virginia, Union Bankshares Corporation (Nasdaq: UBSH) [...]
Stratford Hall Carlisle Place Southeast Capital Markets Group Represents Seller in Portfolio Disposition RALEIGH-DURHAM, NC, December 3, 2018 – Cushman & Wakefield today announced the sale of Carlisle Place and Stratford Hall within Imperial Center in Durham, North Carolina. Cushman & Wakefield’s Southeast Regional Investment Sales Group, represented the seller, Bridge Investment Group, in the transaction of the two Class A office assets totaling 197,000 square feet. OA Development, Inc. acquired the buildings, adding to its existing holdings within Imperial Center. The two Class A buildings were 85 percent leased at closing to major tenants including Bioventus and Accord Healthcare. Cushman & Wakefield’s Equity, Debt, & Structured Finance Team in Atlanta arranged financing for OA Development, Inc. and Cushman & Wakefield’s Raleigh-Durham Landlord Agency Leasing Team has been appointed as the primary leasing agency for the portfolio. About Bridge Investment Group Bridge Investment Group is a [...]
Cushman & Wakefield’s ‘Tech Cities 2.0’ report profiles 25 North American cities stamping their ground in Tech
Tech Cities 2.0 highlights the tech industry’s critical impact on commercial real estate Raleigh-Durham, North Carolina, September 27, 2018 –Cushman & Wakefield today released Tech Cities 2.0, an annual report that identifies existing and emerging tech centers increasingly driving the North American economy and details their impact on the commercial real estate sector. Raleigh-Durham has again emerged within the top 25 U.S. tech cities, alongside Silicon Valley and San Francisco. “Raleigh-Durham’s blend of highly educated, available talent; inventory of space; and affordability all keep the region high on technology companies’ site-selection list,” said Bob Van Wormer, Cushman & Wakefield Senior Director in Raleigh-Durham who specializes in tenant brokerage with an emphasis on the tech sector. “Added to that is now an undeniable vibe, particularly in the urban cores of Durham and Raleigh, that fosters the energy, creativity, culture and community that tech talent is so clearly seeking. I don’t see [...]
Cushman & Wakefield Hires Top-Producing Broker in the Triangle RALEIGH-DURHAM, NC, February 12, 2018 – Cushman & Wakefield announced today that David Fleming joined the firm as Executive Director as part of the firm’s Raleigh-Durham office. Fleming has been an industry leader as a tenant representation advisor with a 16-year career that spans time in Chicago and the Triangle. Over the course of his tenure, he has executed millions of square feet in transactions and represented companies including HCL Technologies, AT&T, GSK, Morgan Stanley, Intuitive Surgical, Bluebird Bio, Regus and North Carolina State University. Fleming has earned a reputation amongst his many long-term clients as being a trusted advisor, and as a result has been consistently recognized as a top producing real estate advisor. “First and foremost, David embodies the personal and professional values Cushman & Wakefield holds in high regard,” said Rich Harris, Managing Principal of Cushman & Wakefield’s [...]
Jeanette Horton, Debi Hunter, Beth Stewart and Amory Casto Raleigh-Durham's Asset Services team was recently honored by the Building Owners and Managers Association (BOMA) at their TOBY and Pacesetter awards banquet. Jeanette Horton and Debi Hunter were recognized as the 2017 Assistant Property Manager of the Year and Property Manager of the year, respectively. This Pacesetter award was designed to recognize excellence within the BOMA organization. Cushman & Wakefield also took home the Outstanding Building of the Year (TOBY) for Raleigh-Durham? for industrial property 5104 Chin Page Road. The 295,000-square-foot building owned by Property Reserve won the TOBY award in the industrial building category. The property is home to Cardinal Health and Iron Mountain. Congratulations to Beth Stewart, Amory Casto, and Andy Glass, and the rest of the Cushman & Wakefield team on the win. The TOBY and Pacesetter awards banquet was held at North Carolina State University [...]
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 [...]