Frankie Lemmon School And Foundation Acquires Raleigh Office Buildings For 114,781 Square Feet Campus

The transaction involves two office buildings located at 4401 and 4501 Atlantic Avenue in Raleigh, NC, totaling 114,781 square feet. The buyer, Frankie Lemmon School and Foundation, acquired these properties for the development of its headquarters and the establishment of the Frankie Lemmon School and Lemmon Tree Academy. Construction of the new facilities is set to begin next year, with an anticipated opening in 2028 to accommodate up to 230 students.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Square Footage: 114,781
• Address: 4401 & 4501 Atlantic Avenue
• Market: Raleigh, NC
• Buyer: Frankie Lemmon School and Foundation
• Brokers: Clayton Collins, Chandler Hawkins & Harrison Benson - CBRE; Jane Doggett & Patrick Blackley - Foundry Commercial

The deal involves multiple individuals from different brokerage firms. Clayton Collins, Chandler Hawkins, and Harrison Benson represented the buyer under CBRE, while Jane Doggett and Patrick Blackley were involved representing the transaction through Foundry Commercial.