
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.