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GE Asset Management Sells Research Triangle Park for $6.2 Million

Non-Profit Purchases Lease Hold Interest for 704,513 SF in Durham
February 25, 2014
GE Asset Management sold nine office buildings in Durham, NC to the Research Triangle Foundation of North Carolina for $6.22 million, or approximately $9 per square foot.

The deal totals 704,513 square feet and includes nine different office buildings ranging from 25,000 square feet to 160,226 square feet.

The Foundation purchased the leasehold interest and now owns 100% fee simple interest in the property.

Please see CoStar COMPS #2955464 for more information.

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