Northwestern Mutual Life Insurance Co. sold a two office building
business park in Durham, NC, for $36.2 million or $180 per square foot. Clarion Partners purchased the structures on behalf of BBH Real Estate Income Fund II.
Built in 2005 and 2007, the two four-story structures are part of Palladian Corporate Center at the intersection of Interstate 40 and Route 54. Palladian I contains 100,462 square feet of office space
at 220 Leigh Farm Road and Palladian I has 100,543 square feet at 240 Leigh Farm Road. The tenant roster includes the American Institute of Certified Public Accountants and Morphormics Inc.
Ben Kilgore of CBRE Raleigh was the listing broker.
See CoStar COMPS #2574411 for more information.