Blue Ridge Capital Fund Purchases Office Building From Truist Bank In Raleigh For $20.5M

The office asset involved in the transaction is located at 3200 Beechleaf Court in Raleigh, NC. Blue Ridge Capital Fund acquired the property from Truist Bank for $20,500,000, which translates to approximately $109 per square foot. The total square footage of the building is 188,510.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,500,000
• Buyer: Blue Ridge Capital Fund
• Seller: Truist Bank
• Square Footage: 188,510
• Price Per Square Foot: $109
• Transaction Date: 01/13/2026

Blue Ridge Capital Fund engaged in this transaction as the buyer facilitated by a strategic acquisition from Truist Bank, marking a significant investment in the Raleigh market.