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GM 150 LLC Acquires University Tower Office Building In Durham From Dilweg For $12M

Property Image
SOLD
$12,000,000

North Carolina

See Similar Deals
Office185,978 SF
Sold 09/26/2025
the dealdetailscomps
Property Image
SOLD

GM 150 LLC Acquires University Tower Office Building In Durham From Dilweg For $12M

3100 Tower Boulevard

See Similar Deals
Office185,978 SF
Sold 09/26/2025
the dealdetailscomps

Summary

NORTH CAROLINA
Asset Type:Office
Price Per Square Foot:$64
Total Square Footage:185,978 SF
Transaction Type:Sale

The property asset involved in this transaction is the University Tower, an office building located at 3100 Tower Boulevard, Durham, NC. The sale price for the property was $12,000,000, covering a total area of 185,978 square feet. The price per square foot stands at $65. The building, a 17-story structure, is currently 33% leased, with Duke Health serving as the anchor tenant. Originally listed at $18 million, the property was relisted at a reduced price following a failed residential conversion deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $12,000,000
  • Buyer: GM 150 LLC
  • Seller: Dilweg
  • Square Footage: 185,978
  • Price per Square Foot: $65
  • Location: 3100 Tower Boulevard, Durham, NC
  • Market: Durham, NC
  • Occupancy: 33% leased
  • Anchor Tenant: Duke Health

The key individuals involved in the deal include Gent Hito, the CEO of /n software, who leads GM 150 LLC. The seller, Dilweg, executed this transaction as part of their real estate portfolio management.

Players

D
Dilweg
SELLER

Details

SOLD
IMAGE: 09/26/2025 ADDRESS: 3100 Tower Boulevard MARKET: Durham, NC ASSET TYPE: Office BUYER: GM 150 LLC SELLER: Dilweg SALE PRICE: $12,000,000 SF: 185,978 ~ PPSF: $65 NOTE: Dilweg sold the 17-story University Tower in Durham for $12 million to GM 150 LLC, tied to /n software CEO Gent Hito, who plans to keep the property as office space. The 185,978-square-foot building, 33% leased with Duke Health as anchor tenant, was originally listed at $18 million but relisted at the lower price after a failed residential conversion deal.

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