Commercial Real Estate Direct Staff Report Highwoods Properties Inc. paid $138 million, or $398.84/sf, for the 346,000-square-foot Advance Auto Parts Tower in the North Hills area of Raleigh, N.C. The Raleigh, N.C., REIT bought the building from Kane Realty Corp. ...
Triangle Business Journal Aventon Cos. is starting construction this fall on Aventon NorthRidge, a 346-unit apartment complex in Raleigh, N.C. The local company is building the five-story property on 13.62 acres at 6300 The Lakes Drive, next to its 372-unit ...
Commercial Observer United Bank has provided a $41.9 million loan for the construction of Crossroads 55, a 487,200-square-foot industrial park in Fuquay-Varina, N.C. JLL Capital Markets arranged the five-year, floating-rate loan. Stotan Industrial of Chicago is constructing the three-building property ...
Triangle Business Journal Stotan Industrial has plans to develop a 487,000-square-foot industrial park at 200 Dickens Road in Fuquay-Varina, N.C., about 25 miles south of Raleigh, N.C. The Chicago real estate company recently paid $8.6 million for the development's nearly 40-acre ...
Commercial Real Estate Direct Staff Report Lamar Cos. has completed its $38.94 million purchase of the Alamance Crossing shopping center in North Carolina's Piedmont Triad. The Fairfield, N.J., investor, which pursues retail properties opportunistically, bought the property through a receivership ...
Commercial Real Estate Direct Staff Report ECI Group has bought the 396-unit Ardmore at Flowers apartment complex in Clayton, N.C., a suburb of Raleigh, N.C. The Atlanta company paid $92 million, or $232,323/unit for the property, according to a report ...
Triangle Business Journal A venture of Cortland and Pamera North America has paid $152 million, or $364,508/unit, for the 417-unit Peace Raleigh Apartments in downtown Raleigh, N.C. Cortland, of Atlanta, and Pamera, of New York, purchased the 12-story building from ...
REBusiness Online Eaton Corp. has agreed to fully lease a 550,000-square-foot industrial building that's being built in Youngsville, N.C. The Dublin, Ireland, power management company is taking its space within the US-1 North Commerce Center, at 2415 Innovation Loop, about ...
Timberline Real Estate Ventures has bought The Wilde, a 210-unit student-housing property in Raleigh, N.C., for $44.35 million, or $211,190/unit. The New York company purchased the 16-building complex from Cardinal Group of Denver, which had acquired it in 2018 for ...
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