Capital Markets Group Completes Sale of 580,326 SF Distribution Facility
MORRISVILLE, NC: Cushman & Wakefield | Thalhimer announces that its Capital Markets Group represented Pearlmark Real Estate Partners in the sale of 900 Aviation Industrial Center, a 580,326 square foot, class A industrial facility located near Raleigh-Durham International Airport in Morrisville, North Carolina. Ares Management purchased the 93% leased property as an investment for an undisclosed purchase price.
Chris Norvell, SIOR and Scot Humphrey of Cushman & Wakefield | Thalhimer’s Capital Markets Group handled the negotiations on behalf of the seller.
“We’ve seen a growing appetite from institutional owners for industrial product in the Raleigh-Durham market and expect the sale of 900 Aviation to kick off a busy year. We are especially pleased to welcome Ares Management as the newest owner of industrial real estate in Raleigh,” stated Norvell.