Sterling Bay Acquires Life Science Property In Durham, NC For $63M

606 Fayetteville Street and 401 East Lakewood Avenue in Durham, NC, have been sold for the price of $63,000,000. The properties are classified as life science assets.

Summary of transation details

• Property Type: Life Science
• Transaction Amount: $63,000,000
• Address: 606 Fayetteville Street & 401 East Lakewood Avenue, Durham, NC
• Market: Durham, NC

The buyer of the properties is Sterling Bay, while the seller is 606 Fayetteville LLC, represented by Blake Nucci and Chris Kono. The sale was facilitated by Alexander Riguardi, David Giancola, Hunter Barron, and John Mikels from JLL.