HD Tower LLC purchased University Tower for $20 million, or $110.06 per square foot. Located off of Durham Chapel Hill Boulevard across from South Square in South Durham, NC, the 181,723-square-foot building was built in 1987 and constructed with 17 floors approximately 10,689 square feet each. The building has four passenger elevators with a parking ratio of 4/1000. Equity Office Properties Trust (EOP), the nation’s largest office building owner and manager, as well as the largest REIT in the U.S., sold the building. The company originated in 1976 and currently has more than 700 properties comprising 126 million square feet of office space in the country’s major metropolitan markets.