DURHAM, NORTH CAROLINA:  Cushman & Wakefield | Thalhimer’s Capital Markets Group represented Northridge Capital, LLC in the sale of 2635 Meridian Parkway, a 63,394 square foot Class A office building located in  Durham, North Carolina. This two-story, institutional quality, office building is located within Meridian Corporate Center and is fully leased to a creditworthy tenant roster. Centrally located in Raleigh-Durham, immediately off I-40 and NC Highway 55, the property is within close proximity to the Research Triangle Park (RTP), the largest research park in the United States, Raleigh-Durham International Airport, and Southpoint Mall.
   Dominion Realty Partners, LLC, in a joint venture with Medical Mutual Insurance Company, purchased the property for $8,750,000. Scot Humphrey, Chris Norvell, SIOR, Justin Good and Bill Simerville of Cushman & Wakefield | Thalhimer’s Capital Markets Group represented Northridge Capital in the sale.  The transaction closes the loop on a successful value-add execution by Northridge Capital, who purchased the building for $6.4 million in 2014 when it was 69% occupied.  Cushman & Wakefield | Thalhimer also brokered the previous sale of the building in 2014.  “We are extremely pleased with the outcome of this value-add investment, and our successful partnering with Cushman & Wakefield | Thalhimer.  We remain very bullish on the Triangle and are on the lookout for additional office and multifamily investment and development opportunities in this and other dynamic markets,” remarked David W. Jackson, President of Northridge.