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 drawn from a widespread pool of investors was impressive and attests to a robust appetite for well-positioned and well-appointed industrial buildings.”
Built in 1972, the single-tenant, 132,000 square-foot industrial facility is fully conditioned and had recently undergone substantial upgrades. Improvements completed in 2016 include all new HVAC equipment, an ESFR sprinkler system, and new dock doors/leveler additions.
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Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.