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3 Phoenix Campus-Durham

Capital Markets Group Completes Sale of 3 Phoenix Campus

RALEIGH, NORTH CAROLINA:  Cushman & Wakefield | Thalhimer’s Capital Markets Group is pleased to announce the sale of the 3 Phoenix Campus, a two-building, 63,000-square-foot product development and testing facility located at 136 & 204 Capcom Avenue in Wake Forest, NC.  The buildings are fully leased for 10+ years to 3 Phoenix, Inc. a leading supplier of intelligence products and solutions to the U.S. Department of Defense and related commercial contractors.  The newly-constructed, class A corporate campus-style buildings are well-located in Raleigh-Durham’s fastest growing suburb of Wake Forest and includes additional land of over 5 acres to support potential future development .
   Cole Office & Industrial REIT (CCIT II), Inc. acquired the asset for  $10.4 million.  Scot W. Humphrey, Chris Norvell, SIOR, and Justin Good of Cushman & Wakefield | Thalhimer’s Raleigh office handled the sale negotiations on behalf of Brookwood Capital Partners.

Written on October 7, 2014