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Lacefield Properties and Ticon Properties Sell Medical Office Building

SPC Associates Acquires Fully-Leased Property for $12.4 Million
May 16, 2014
SPC Associates, along with a private investor, acquired the fully-leased medical office building at 267 S. Churton St. in Hillsborough, NC for $12.4 million, or about $495 per square foot, from Lacefield Properties and Ticon Properties.

The 25,026-square-foot building was constructed in 2012. It is currently occupied by Duke University Health Systems and Private Diagnostic Clinic, a Duke Health System affiliate.

Vernon Averett and Robert Sprouse of Pickett-Sprouse Real Estate represented the seller, while Ray Yung of Ray Yung Real Estate represented the buyers.

Please see CoStar COMP #3022059 for more information on this transaction.

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