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East West Partners Acquires Liberty Warehouse for $3.5M

Greenfire Development Sells Former Tobacco Auction Warehouse in Durham
May 28, 2014
East West Partners acquired Liberty Warehouse, a former tobacco auction warehouse located at 611-613 Rigsbee Ave. in Durham, NC, from Greenfire Development for $3.5 million, or about $32 per square foot.

The 108,235-square-foot industrial building was constructed in 1938 in downtown Durham. The two-story building is schedule to be demolished in the future to develop a multifamily complex.

The buyer and seller were self-represented in the transaction.

Please see CoStar COMPS #3011652 for more information on this transaction.
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