Empire Associates Pays $5M for Chapel Hill Church Building
Farrington Road Baptist Church Sells Current Location
May 2, 2014
Empire Associates, a Chapel Hill-based development company, acquired a church building from Farrington Road Baptist Church of Chapel Hill for $5 million, or about $384 per square foot.
The church delivered in 1984 at 5936 Farrington Rd., just miles from the University of North Carolina at Chapel Hill campus. It totals 13,015 square feet on slightly more than five acres of land, and will be redeveloped into two Class A office buildings, each totaling about 84,000 square feet.
Raymond Atwater of Andrews and Associates represented the seller in the deal.
Please see CoStar COMP #2998809 for more information on this transaction.