SOLD
Hines Global Income Trust Acquires IBM 500 Campus In Durham For $66M
4205 South Miami Boulevard
Office
774,000 SF
774,000 SF
Sold 151 days ago
Summary
Sale
NORTH CAROLINA
Office
774,000 sqft
Hines Global Income Trust has acquired the IBM 500 Campus near Research Triangle Park in Durham, NC. The 774,000-square-foot office property was purchased for $66 million, resulting in a price per square foot of $85. The address for the property is 4205 South Miami Boulevard.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $66,000,000
- SF: 774,000
- PPSF: $85
Jeffrey C. Hines, representing Hines Global Income Trust, served as the buyer in this transaction. The seller, IBM, has leased the entire campus since 1997 and will continue to lease back the property.
Details
SOLD
IMAGE: Jeffrey C. Hines
DATE: 12/18/2023
ADDRESS: 4205 South Miami Boulevard
MARKET: Durham, NC
ASSET TYPE: Office
BUYER: Jeffrey C. Hines - Hines Global Income Trust
SALE PRICE: $66,000,000
SF: 774,000 ~ PPSF: $85
NOTE: Hines Global Income Trust has acquired the 774,000-square-foot IBM 500 Campus near Research Triangle Park for $66 million. IBM, which has leased the entire campus since 1997, will continue to lease back the property.View on map
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Address4205 South Miami Boulevard
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