The property involved in this transaction is located at 79 T.W. Alexander Drive in Durham, NC. It is categorized as an office asset, encompassing a total square footage of 400,000. The sale price for this property was $107,000,000, which translates to a price per square foot of $268.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $107,000,000
• Buyer: United Therapeutics
• Seller: W. Daniel Faulk, Jr. - Oxford Properties Group
• Square Footage: 400,000
• Price per Square Foot: $268
• Date of Sale: 09/19/2025
• Market: Durham, NC

The transaction involved United Therapeutics as the buyer, which is expanding its footprint in Research Triangle Park to a total of 1.4 million square feet. W. Daniel Faulk, Jr. represented the seller, Oxford Properties Group. The acquisition included five office and lab buildings, enhancing United Therapeutics' investments in the area. Furthermore, the biotech company is also developing a $500 million Tyvaso-DPI manufacturing facility in the vicinity.