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Colliers Assists in Sale of Durham Office / Flex Building

4319 S Alston Ave Image

Raleigh Industrial Services Team Facilitates Sale of 31,200 SF Building In Durham, NC

RALEIGH N.C., December 15, 2022

Colliers is pleased to announce the sale of 4319 S Alston Avenue, an office / flex building located in Durham, NC, just minutes from Interstate 40 and the Research Triangle Park.

 

Iloria, LLC, based in Raleigh, NC, purchased the 31,200 SF property as an owner-occupier. Larry Lakins, SIOR, Hunter Willard, and Andrew Young of the Colliers Raleigh Industrial Services team represented the seller in this transaction, marking the third time this team has sold this property in 10 years. The buyer was represented by Tucker Shade and Cole Gonet with Savills.

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For more information, please contact: Amanda Roberson, 919-582-7928, amanda.roberson@colliers.com


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Larry Lakins

Executive Vice President

Raleigh

As a Senior Vice President & Principal of Colliers International | Raleigh, Larry focuses on Industrial Project Leasing throughout the Triangle, Triad, and the coastal area of eastern North Carolina. His experience in the commercial real estate industry spans well over twenty-two years and encompasses services including industrial landlord and tenant representation, Investment Sales, and Real Estate Development. Prior to joining Colliers, Larry was with Cushman and Wakefield’s Industrial Services Group.

Larry has been acknowledged in the industry as a consistent top producer, He is recognized for his leadership roles in the real estate community, as he has served as the President of the Triangle Commercial Association of REALTORS (TCAR).   Larry has served as President of Hilltop Home a nonprofit intermediate care facility for children with developmental disabilities.   He currently serves as the chair of their foundation.

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Hunter Willard

Executive Vice President

Raleigh

Hunter Willard, Senior Vice President and Principal of Colliers International, is a member of the Industrial Services team in Raleigh. With more than 13 years of experience, Hunter focuses on tenant and landlord representation, as well as investment and owner/occupier sales. He has achieved an excellent reputation among his peers and prospects for his commitment to service excellence. 

Prior to joining Colliers,  Hunter was on the Industrial team at Cushman & Wakefield. Hunter concentrated on landlord and tenant representation, where his responsibilities included client portfolio management, strategy and execution of commercial properties for lease and for sale, and corporate relocations and expansions for local and national clients. Hunter also previously worked in finance and sales as a commercial mortgage broker. His knowledge and experience affords him an extensive understanding of the banking and lending industries, which aids in providing clients with a full perspective and an advantage. 

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Andrew Young

Senior Vice President

Raleigh

Andrew is a real estate professional on Colliers Raleigh’s Industrial Services team. Prior to joining Colliers, Andrew was a member of Cushman & Wakefield’s Logistics and Industrial Service Group, serving clients with tenant representation and agency leasing services. Andrew provides his clients with strategic market research, financial analysis, client management and transactional services. Drawing on a background in real estate research and finance, Mr. Young drives value for his clients by ensuring that they have the knowledge they need to make informed real estate decisions.

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