Raleigh, North Carolina

Colliers’ North Carolinas offices placed well at this year’s Triangle SPACE Awards ceremony held at North Ridge Country Club in Raleigh on January 31, with Jim Allaire and Chris Norvell of Colliers Pinkard’s Raleigh office finishing strong. The team of industrial specialists took honors for several significant transactions in 2007, along with Rob Cochran from Colliers’ Charlotte office on one of the deals.

Allaire and Norvell represented Transwestern Investment Company, along with London based DTZ Rockwood, in the sale of Research Tri-Center to Grosvenor Investment Management.  The project is a 1.5 million square foot warehouse and distribution facility and is the largest industrial park in the Triangle.  The team took Second Place in the category of Top Real Estate Sales Transaction of the Year for the deal, which amounted to $105,500,000.

Allaire, Norvell and Cochran represented Fulcra Enterprises and JER Partners in the sale of the 1.1 million square foot Carolinas Distribution Center in Clayton to New York based Petrus Partners.  The transaction netted the Carolinas team Third Place in the category of Top Real Estate Sales Transaction of the Year, at $61,250,000.

Allaire and Norvell took Second Place in the Top Warehouse Lease category, for negotiations in the lease of 412,441 square feet of warehouse/distribution space to Hallmark Cards at Carolinas Distribution Center.

Colliers Pinkard, an affiliate of Colliers International, is a leading commercial real estate firm in the mid-Atlantic region, with offices in Maryland and North Carolina.  The firm provides real estate solutions to its clients locally and globally. Areas of expertise include advisory services, corporate solutions, investment services and management services, as well as property and tenant representation.

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,092 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.

Contact Information

Judy Franz
Marketing Coordinator
jfranz@collierspinkard.com

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