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Pearlmark Real Estate Partners Sells Massive 900 Aviation Pkwy Facility

Ares Management Purchases 580,326-SF Morrisville Industrial Center
February 11, 2014
Pearlmark Real Estate Partners sold the Class A industrial facility at 900 Aviation Pkwy. in Morrisville, NC, to Los Angeles-based Ares Management.

The 580,326-square-foot complex was constructed in 1985 off of I-40 in the Cary Industrial submarket, just northwest of Raleigh. The facility is anchored by Burt's Bees and is 93% occupied

Chris Norvell, SIOR and Scot Humphrey of Cushman & Wakefield | Thalhimer’s Capital Markets Group handled the negotiations on behalf of the seller.

Please see CoStar COMPS #2951670 for more information on this transaction.

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