TPG Real Estate Acquires Mixed-Use Property In Morrisville, NC For $88M

The mixed-use property located at 1101 Shiloh Glenn Dr. in Morrisville, NC has been sold in a recent transaction. The property spans 140,000 square feet and was sold for a total price of $88,000,000, resulting in a price per square foot of $629.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $88,000,000
• Address: 1101 Shiloh Glenn Dr., Morrisville, NC
• Market: Morrisville, NC
• Buyer: TPG Real Estate
• Seller: Mainstreet Capital Partners - Ron Happe, DRA Advisors

TPG Real Estate has acquired the property, while the seller, Mainstreet Capital Partners represented by Ron Happe and DRA Advisors, facilitated the transaction.