RALEIGH, NC:  Cushman & Wakefield | Thalhimer announces that its Capital Markets Group represented Rubenstein Partners and Grubb Properties in the sale of Newcastle North, a 112,340 square foot, office/R&D facility that is 100 percent leased on a triple net basis to Reichhold Industries.  An affiliate of Capital Square Realty Advisors, LLC purchased the property for an undisclosed amount.
     Located at 1035 Swabia Court in Durham, North Carolina, Newcastle North serves as the corporate headquarters for Reichhold, a global supplier to the composite and coating industry, and is well-positioned within Imperial Center, a 456-acre master-planned business park in the RTP/I-40 submarket.
     “Capital Square is committed to the Research Triangle Park area, which is one of the strongest real estate markets in the nation and only a short drive from Capital Square’s headquarters in Richmond, Virginia.  Capital Square intends to acquire additional properties in the market,” said Yogi Singh, Vice President of Acquisitions, Capital Square Realty Advisors, LLC.  “Thalhimer’s support through the process was invaluable and enhanced our ability to secure favorable first mortgage financing and close the transaction efficiently.”
     Scot Humphrey, Chris Norvell, SIOR and Bill Simerville of Cushman & Wakefield | Thalhimer’s Capital Markets Group, along with Samir Idris with C&W’s Atlanta office, handled the negotiations on behalf of the seller.