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Nottingham Hall Sells for $22 Million
Austin, TX-based Capridge Partners has sold Nottingham Hall in Durham, NC to Senior Housing Properties Trust (NYSE: SNH) for $22 million, or approximately $208 per square foot. Nottingham Hall is a 105,601-square-foot, four-story office building completed...

Principal Real Estate Investors Acquires PowerSecure Industrial Campus
Principal Real Estate Investors, the real estate arm of Des Moines, IA-based global financial investment management leader Principal Financial Group (NYSE: PFG), closed on a deal with Scannell Properties out of Indianapolis to acquire the PowerSecure...

Taurus Investment Holdings Purchases Brook Arbor Apts for $54.5M
Taurus Investment Holdings, LLC, a real estate private equity company based out of Boston, acquired the 302-unit Brook Arbor Apartments in Cary, NC from Executive Affiliates Inc. for $54.5 million, or approximately $180,463 per unit. The buyer also...

Forward Air Leases 68,000-SF Garner Facility
Forward Air has agreed to a five-year lease to fully occupy the 68,000-square-foot facility at 1000 Management Way in Garner, NC. Forward Air is a provider of national distribution and logistics support specializing in customized store delivery for...

Flagship Healthcare Properties Pays $6.8M for Holly Springs Surgery Center
Flagship Healthcare Properties, a Charlotte-based real estate investment firm, acquired the Holly Springs Surgery Center in Holly Springs, NC from Nova Capital Partners for $6.8 million, or approximately $373 per square foot. The 18,220-square-foot...

Regency Centers Acquires 22 Acres for Midtown East Shopping Center
Regency Centers Corp. (NYSE: REG), in a joint venture with a group of local investors, has purchased 22 acres in Raleigh, NC for the development of a new 170,000-square-foot shopping center that will house the first North Carolina location for Gates,...

Inco Monterra Purchases Woodfield Glen for $37.3M
Inco Monterra, LLC, a company based in Beverly Hills, CA, acquired Woodfield Glen, a 233-unit apartment community located in Raleigh, NC, from GrayCo for $37.3 million, or about $160,000 per unit. The 233-unit property is located about seven miles...

Dominion Partners Completes Wade IV in Raleigh Office Park
Dominion Partners has wrapped up construction on Wade IV, a new 104,071-square-foot, four-story office building located within The Offices at Wade in Raleigh's PNC Arena district. The mid-rise building broke ground late last year minutes from I-40...

MetLife to Add Third and Final Bldg. to Global Tech Campus in NC's Research Triangle
MetLife (NYSE: MET) is expanding its global technology campus in suburban Raleigh's Research Triangle Park with the development of a third building that will bring an additional 500 jobs to Cary, NC. The holding corporation for the Metropolitan Life...

Intuitive Surgical Buys Shell Bldg. in Durham
Intuitive Surgical, the surgical robotics company based in Sunnyvale, CA, purchased the Triangle Business Center Owners Association building in the Triangle Business Center in Durham for $5.929 million, or $98 per square foot. The 61,037-square-foot...

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