William L. Manley Of Calare Properties Acquires Industrial Facility In Durham For $28.75M

An industrial asset located at 3028 East Cornwallis Road in Durham, NC, was sold for $28,750,000. The facility spans a total of 183,700 square feet, resulting in a price per square foot of $157.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $28,750,000
• Address: 3028 East Cornwallis Road
• Market: Durham, NC
• Square Footage: 183,700
• Price Per Square Foot: $157
• Buyer: William L. Manley - Calare Properties
• Seller: Robert Feurle - Wolfspeed

Calare Properties, represented by William L. Manley, acquired the tech manufacturing facility from Wolfspeed, led by seller Robert Feurle. This transaction marks Calare's expansion into the North Carolina region.