Edgewater Ventures Acquires Office Building At 601 Keystone Park Drive For $25 Million

601 Keystone Park Drive is a flex office building located in Morrisville, NC. The property comprises 77,395 square feet and was sold for $25 million, equating to $323.02 per square foot. The building was constructed in 2001 and renovated in 2009 and is part of the Morrisville market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $25,000,000
• Buyer: Edgewater Ventures
• Seller: Alexandria Real Estate Equities Inc
• Square Footage: 77,395
• Price Per Square Foot: $323.02
• Date of Sale: 10/16/2025

Eastdil Secured acted as the broker for this transaction, facilitating the sale from Alexandria Real Estate Equities Inc, which had owned the property since 2006.