
Capital Markets Group Completes Sale of 705,365 SF Imperial Center Industrial Portfolio
RALEIGH, NORTH CAROLINA; Cushman & Wakefield | Thalhimer’s Capital Markets Group represented Crown Realty & Development in the sale of a five-building class A industrial portfolio in Durham, NC. The five-building portfolio, located within Imperial Center Business Park, consists of 705,365 square feet and is 94% leased to a quality tenant roster. The properties are located within five miles of the Raleigh-Durham International Aiport and offer superior access throughout the market. Liberty Property Trust purchased the portfolio as an investment for $44,250,000.
Chris Norvell, SIOR, Scot Humphrey of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Raleigh, and Bill Simerville of Thalhimer’s Charlotte office, along with David Meline of Cushman & Wakefield’s Atlanta-based Capital Markets Group, handled the negotiations on behalf of the seller.