Raleigh-Durham
Kimco Realty Expands Portfolio with $42.7M Acquisitions
By Liviu Oltean, Associate Editor Kimco Realty Corp. purchased the Brennan Station retail center in north Raleigh for $27.15 million. The transaction also included the sale of a Harris Teeter-anchored shopping center in Cornelius. In total, the two properties were sold to [...]…
Continue reading →Stag Industrial Buys Warehouse Facility for $8.1M
By Liviu Oltean, Associate Editor Stag Industrial Inc. has acquired the OPW Fueling Containment Systems property for $8.1 million from an undisclosed seller. OPW in Smithfield, a provider of underground fuel containers to gas stations, has been leasing the 191,450-square-foot warehouse and distribution [...]…
Continue reading →Highwoods Properties to Develop $50M HQ for LifePoint Hospitals
By Liviu Oltean, Associate Editor Highwoods Properties Inc. is planning new headquarters for LifePoint Hospitals Inc. The health care company has been leasing about 146,000 square feet of space from Highwoods, but the contracts will soon expire. The new seven-story headquarters will be located [...]…
Continue reading →Bell Partners Sells Apartments to Trade Street at a 43% Discount
By Liviu Oltean, Associate Editor Bell Partners of Greensboro has sold the Beckanna Apartments on Glenwood Avenue for $9.35 million. The eight-story building was purchased by a subsidiary of Trade Street Capital of Aventura, the Triangle Business Journal reports. Trade Street Capital [...]…
Continue reading →Alpha Install Will Relocate to Pittsboro
By Liviu Oltean, Associate Editor Alpha Install, a company that manages the installation of communications and technology equipment on vehicle fleets and satellite locations, is planning to move and expand its headquarters in Pittsboro. According to the CityBizList, the company chose [...]…
Continue reading →KB Home Launches Housing Community in Durham
By Liviu Oltean, Associate Editor KB Home is consolidating its foothold in the Durham market with the opening of their project located at 103 Daneborg Road & RDU International Airport. The Orchard Ridge project entails a community of customizable single-family homes that [...]…
Continue reading →FMW and Faison to Collaborate in $40M Apartment Project in Downtown Raleigh
By Liviu Oltean, Associate Editor FMW Real Estate sold 3.5 acres of a 6.67 acres industrial site to Faison & Associates for $9.6 million. Following this transaction, the two companies will collaborate on a project that will make downtown Raleigh the [...]…
Continue reading →Duke Realty Purchases Greenfield North Business Park Portfolio
By Liviu Oltean, Associate Editor Duke Realty recently completed its third acquisition in the Triangle area with its purchase of Greenfield North Business Park. The Greenfield North portfolio includes five buildings that encompass 397,332 square feet, with an additional 75.25 acres in [...]…
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