OlivePoint Capital Acquires Office Building In Morrisville For $33M From W.P. Carey Inc

The asset involved in the transaction is an office building located at 3900 Paramount Parkway in Morrisville, NC. This property was sold for $33,000,000, covering a total area of 224,850 square feet, which translates to a price per square foot of $147.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $33,000,000
• Buyer: OlivePoint Capital
• Seller: W.P. Carey Inc
• Brokers: Daniel Flynn, Ryan Clutter & CJ Liuzzo - JLL
• Market: Morrisville, NC
• Sale Date: 11/26/2025
• Previous Purchase Price: $52,350,000
• Price Reduction: 37%

OlivePoint Capital acquired the property while it was fully leased. The transaction was facilitated by brokers Daniel Flynn, Ryan Clutter, and CJ Liuzzo from JLL, representing the involved parties in the deal.