December 9, 2020
JLL has set up the sale of Southport Organization Park, a 17-building industrial/flex park in Raleigh-Durham. The list prices was not disclosed.
The property is a 911,702-square-foot, light industrial/flex park situated at the center of the Raleigh-Durham market. Currently with a considerable existing lab footprint, the park is established for more conversion to life science in the Raleigh-Durham market, which is regularly placed as a leading Life Science Collection in the USA. The building is likewise nearby Raleigh-Durham’s Research study Triangular Park, one of the largest specialized scientific research study parks in the country.
Patrick Nally, Ryan Mess as well as Valerie Derrick of JLL represented the vendor, GID, in the purchase. The customer was a joint venture between funds affiliated with Starwood Funding Group and Trinity Resources Advisors.
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