Colliers Raleigh is pleased to announce the sale of a 136,000 SF urban infill industrial facility in Raleigh, North Carolina. Located in North Raleigh just 1.5 miles from I-40 via Capital Blvd, the property transacted for $8,000,000 ($58.82 PSF).
The Colliers Raleigh industrial team, consisting of Larry Lakins, Hunter Willard, and Andrew Young represented the buyer, Stout Departure 5201, LLC in the transaction. Colliers Raleigh will also be leasing and managing the property.
“With the current high demand in the Triangle industrial market, we have already secured 40% of the building with a flurry of activity for the remaining space.” Larry Lakins, Senior Vice President, said. “With the high demand for space, we are anticipating the property will be fully leased by the end of the year.”
The seller, Real Partner Investments, LLC was represented by CBRE | Raleigh.
About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners, and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
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For more information, please contact: Caroline Thomas, 919-582-7940, caroline.thomas@colliers.com
