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.