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Raith Capital Partners Pays $3.4M for 113,526-SF Office Complex

VEREIT Sells Former Wendover Funding Bldg
January 31, 2018
Raith Capital Partners LLC, a financial institution based in New York, acquired a Class A office building at 725 N. Regional Rd. in Greensboro, NC from VEREIT for $3.4 million, or about $30 per square foot.

Built in 1988, this three-story office building totals 113,526 square feet, situated on 10.3 acres in the Airport submarket in Guilford County. The property is located adjacent to the Piedmont Triad International Airport, accessible via Interstate 73 and is about one mile north of the 389,377-square-foot American Express building.

At the time of the sale, the asset was 100 percent vacant.

Jonathan Smith and John Moore of CBRE Triad brokered the deal on behalf of the seller.

Please see CoStar COMPS #4090736 for more information on this transaction.
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