Atlanta Property Group And TPG Angelo Gordon Acquire North 70 Distribution Center For $26.7M

The industrial asset located at 224 North Hoover Road in Durham, North Carolina, encompasses 15.7 acres with a total square footage of 261,926. The property was sold for $26,700,000, equating to a price per square foot of $102.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $26,700,000
• Address: 224 North Hoover Road
• Market: Durham, NC
• Acres: 15.7
• Square Footage: 261,926
• Price Per Square Foot: $102
• Buyer: Atlanta Property Group & TPG Angelo Gordon
• Seller: Northbridge Partners

A venture between Atlanta Property Group and TPG Angelo Gordon spearheaded the acquisition from Northbridge Partners, marking a significant transaction in the industrial market sector in Durham, North Carolina.