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.