ConnectCRE Equus Capital Partners has paid $46.9 million, or $137.19/sf, for the Falls Lake Commerce Center, a 341,867-square-foot industrial complex in Butner, N.C., about 14 miles northeast of Durham, N.C. The Newtown Square, Pa., company purchased the three-building property from ...
The Fort Washington, Pa., company purchased the 13-building property from an affiliate of Blue Ridge Industrial, a Dallas private equity firm. The buyer financed its purchase in part with a $33.9 million floating-rate loan that was arranged by Largo Capital ...
Triad Business Journal Beach Co. has lined up $89 million of financing for the construction of Persimmon at Cates Creek, a 346-unit apartment and townhome community in Hillsborough, N.C. First Horizon Bank provided a $54 million construction loan, while Larson Capital ...
Triad Business Journal Somerset Properties has paid $46.75 million, or $139.14/sf, for the South Elm Industrial Center, a 336,000-square-foot industrial complex in Greensboro, N.C. The Fort Washington, Pa., company purchased the 13-building property from an affiliate of Blue Ridge Industrial, ...
The property is 93% leased.
Triangle Business Journal Landmark Cos. has bought Hudson 5401, a 454-unit apartment complex in Raleigh, N.C., for $106 million, or $233,480/unit. The Woodbridge, N.J., company purchased the property from Hudson Capital Properties of New York, which developed it in phases ...
Elan Prosperity Village, at 2020 Winters Eve Drive, has a mix of studio, one-, and two-bedroom units ranging in size from 560 to 1,261 square feet, with monthly rents between $1,515 and $2,275. The property has been rebranded as The ...
The 300 South Tryon building is fully leased and serves as Barings' headquarters.
Charlotte Business Journal Cousins Properties has paid $317.5 million, or $497.65/sf, for 300 South Tryon St., a 638,000-square-foot office building in Charlotte, N.C. The Atlanta REIT purchased the 25-story structure from Barings in a deal brokered by CBRE. The Spectrum Cos. ...
Charlotte Business Journal Sherman Residential has paid $58.6 million, or $195,333/unit, for the 300-unit Elan Prosperity Village apartment complex in Charlotte, N.C. The Chicago investment company purchased the 11-building property from its developer, Greystar of Charleston, S.C., which completed its ...
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