SOLD
City Office REIT Acquires Office Property In Raleigh For $330M
1 Glenwood Avenue & 621 Hillsborough Street
Office
495,121 SF
495,121 SF
Summary
Sale
NORTH CAROLINA
Office
495,121 sqft
The office property located at 1 Glenwood Ave. and 621 Hillsborough St. in Raleigh, NC has been sold. The property covers an area of 3.23 acres and includes a total of 495,121 square feet of space. The transaction took place on January 5, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $330,000,000
- Price per Square Foot: $666
- Buyer: City Office REIT
- Seller: Heritage Properties
- Brokers: Ryan Clutter, John Mikels, Daniel Flynn & Chris Lingerfelt - JLL Capital Markets
The buyer in this transaction is City Office REIT, while the seller is Heritage Properties. The brokers involved in facilitating the deal were Ryan Clutter, John Mikels, Daniel Flynn, and Chris Lingerfelt from JLL Capital Markets.
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Details
SOLD
IMAGE: Ryan Clutter, John Mikels, Daniel Flynn & Chris Lingerfelt
DATE: 01/05/2022
ADDRESS: 1 Glenwood Ave. & 621 Hillsborough St.
MARKET: Raleigh, NC
ASSET TYPE: Office ~ ACRES: 3.23
BUYER: City Office REIT
SELLER: Heritage Properties
BROKER: Ryan Clutter, John Mikels, Daniel Flynn & Chris Lingerfelt - JLL Capital Markets
SALE PRICE: $330,000,000
SF: 495,121 ~ PPSF: $666View on map
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Address1 Glenwood Avenue & 621 Hillsborough Street
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