City: Morrisville
1-Year-Old Apartment Complex in Morrisville, N.C., Fetches $71Mln
Triangle Business Journal TA Realty has paid $71 million, or about $269,962/unit, for Broadstone Trailside, a 263-unit apartment complex in Morrisville, N.C. The Boston investor purchased the property, at 5860 McCrimmon Parkway, from Alliance Residential Co. of Phoenix. Newmark brokered ...
Raleigh-Area Industrial Property Trades for $13.6Mln
Triangle Business Journal Stockbridge Real Estate and Edgewater Ventures have bought a 116,882-square-foot industrial property in suburban Raleigh, N.C., for $13.6 million, or about $116.36/sf. The venture bought the property, which sits on 13.7 acres at 10900 World Trade Center ...
Dominion Realty Sells Morrisville, N.C., Apartments for $75.7Mln
Triangle Business Journal Dominion Realty Partners has sold the 318-unit Shiloh Crossing Apartments in Morrisville, N.C., for $75.7 million, or about $238,050/unit. The buyer was not identified. The three-story property, which opened last year, sits on a 48-acre site at ...
Life-Sciences Project Near Raleigh, N.C., Gets $57.3Mln Loan
Knighthead Funding LLC has provided $57.3 million of financing against the Stitch life-sciences project in the Raleigh, N.C., suburb of Morrisville, N.C. The loan modifies a $34 million mortgage that Knighthead had provided two years ago to a venture of ...
Preston View apartment property
CBRE provided $47.2 million of Fannie Mae financing to help fund the Dermot/BentallGreenOak purchase. The property previously was encumbered by $45.4 million of Freddie Mac debt that was securitized through FREMF, 2019-KF69. The loan was subject to a 1 percent ...
Venture Pays $78.7Mln for Suburban Raleigh, N.C., Apartments
Commercial Real Estate Direct Staff Report A venture of the Dermot Co. and BentallGreenOak has paid $78.7 million, or $206,021/unit, for the 382-unit Preston View apartment property in Morrisville, N.C., about 12 miles west of Raleigh, N.C. It bought the ...
Southport Business Park
The property has a mix of office, research and development and multi-purpose commercial space. It can accommodate an additional 200,000 sf of commercial space.
266-Unit Apartment Property in Morrisville, N.C., Sells for $52Mln
Triangle Business Journal Bluerock Real Estate has paid $52 million, or about $195,489/unit, for the 266-unit Carrington at Perimeter Park apartments in Morrisville, N.C. The New York investor bought the property from Gamma Real Estate, which had purchased it three ...
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