Griffin Partners Acquires West Friendly Business Park In Greensboro From Perkins Fund For $20M

Griffin Partners purchased an industrial property located at 7355 West Friendly Avenue in Greensboro, NC. The asset spans 12.36 acres and consists of 129,519 square feet, with a sale price of $20 million. The property is 95% leased to 42 tenants and features 24 dock doors and 39 drive-in doors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,000,000
• Address: 7355 West Friendly Avenue
• Market: Greensboro, NC
• Lease Status: 95% leased
• Number of Tenants: 42
• Square Footage: 129,519
• Price per Square Foot: $154
• Acreage: 12.36
• Seller: Perkins Fund
• Buyer: Griffin Partners

Perkins Fund LP was the seller in this transaction, facilitating the sale of the West Friendly Business Park. The deal highlights the involvement of Griffin Partners as the buyer, acquiring a fully leased industrial property in close proximity to Piedmont Triad International Airport.