Morisey Commercial purchased the retail building at 909 Spring Forest Rd. in Raleigh, NC, from SunTrust Bank for $2.7 million, or about $165 per square foot.
The 16,373-square-foot building was constructed in 1994 and was fully leased at the time of sale.
Matt Larson of Lincoln Harris represented the seller, while the buyer was self-represented.
Please see CoStar COMPS #2988276 for more information on this transaction.