Accesso Partners Acquires 555 South Mangum Street Office Building In Durham For $72M

The office asset at 555 South Mangum Street, located in Durham, NC, has been sold for a price of $72,000,000. The property encompasses a total space of 251,464 square feet, translating to a price per square foot of $286. The building is an 11-story structure that was completed five years ago and is situated in downtown Durham.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $72,000,000
• Square Footage: 251,464
• Price per Square Foot: $286
• Buyer: Accesso Partners
• Seller: Northwood Ravin
• Market: Durham, NC

Accesso Partners expands its North Carolina portfolio to 3 million square feet with this acquisition. The five-year-old building includes notable tenants such as Tanium, Beghou Consulting, and Heelstone Renewable Energy. JLL Capital Markets arranged the sale of the property.