Updated Aug 24, 2026
Swinerton Signs 10,180 Square Foot Lease At Salvage Yard In Raleigh With JLL Representation
2316 Atlantic Avenue
Building Size
10,180 SF
Asset Type
Office
Closing
Aug 21, 2026
About this deal
AI
The asset involved in this lease transaction is an office space measuring 10,180 square feet, located at 2316 Atlantic Avenue in Raleigh, NC. This property is part of the Salvage Yard, an adaptive-reuse mixed-use development.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2316 Atlantic Avenue
- Market: Raleigh, NC
- Landlord: Gordon Grubb - Grubb Ventures
- Tenant: Dave Callis - Swinerton
- Brokers: Matt Winters, Michael Sharapata & Seton Sloan - JLL
Swinerton Builders has signed a lease to occupy the office space, with plans to move in during Q2 2027 as part of its expansion in the Raleigh area. The brokerage firm JLL, represented by Matt Winters, Michael Sharapata, and Seton Sloan, facilitated the transaction for Swinerton Builders.
On the Map
Office
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Avenue Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93