Tri Properties | NAI Carolantic Sees Triangle Commercial Real Estate Success During Pandemic
August 24th, 2020
DURHAM, NC (August 24, 2020) — Tri Properties I NAI Carolantic announces the completion of 75 transactions totaling 1.2 million square feet and 1050 acres during the COVID-19 pandemic. In addition, the firm obtained 1,394,126 square feet of new property management assignments.
Notable Lease Transactions
- ADUSA Distribution leased 155,430 square feet of warehouse space at 1709 E D Street in Butner, NC. Ed Brown and Jenny Robinson represented the landlord, TRM Warehouse Group in the transaction.
- Confidential Tenant leased 104,160 square feet of warehouse space at Garner Business Park 70 in Garner, NC. Ed Brown, Daniel Herring and Jenny Robinson handled the transaction on behalf of the landlord Al. Neyer.
- Confidential Tenant leased 102,972 square feet of office space at Innovation I at Imperial Center in Durham. Clay Stober and Kacy Coggin handled the transaction on behalf of the landlord Scannell Properties.
- Merz North America renewal and expansion into a total of 79,612 square feet at Northchase at Midtown (6501/6601 Six Forks Road, Raleigh.) Clay Stober handled the transaction on behalf of the landlord.
- Pack-M Ventures, LLC leased 45,840 square feet of warehouse space at Garner Business Park Building 1 at US Highway 70, Garner, NC. Ed Brown, Daniel Herring and Jenny Robinson handled the transaction on behalf of the landlord Al Neyer.
- Lasership, Inc. lease of 45,000 square feet of warehouse space at Research Tri Center V. Ed Brown and Daniel Herring and Kacy Coggin handled the transaction on behalf of the landlord Principal Real Estate Investors.
- Q Squared Solutions renewed 31,643 square feet of lab space at Berrington Center at the Imperial Center, Durham, NC. Greg Sanchez handled the transaction on behalf of the landlord Alidade Capital.
- Synopsys, Inc. signed a 26,262 square foot office renewal at Brighton Hall at the Imperial Center in Durham. Clay Stober and Robin Anders handled the transaction on behalf of the landlord Principal Real Estate Investors.
- C. Barton and Company/Barton’s Home Outlet leased 21,000 square feet of retail space at University Plaza, 7774 North Point Boulevard, Winston-Salem. Joaquin Canals handled the transaction on behalf of the tenant.
- AstraZeneca leased 16,466 square feet of office space at Winchester Place in the Imperial Center in Durham, NC. Robin Anders, Kacy Coggin and Clay Stober handled the transaction on behalf of the landlord, Principal Real Estate Investors.
- Clinipace lease renewal of 15,164 square feet of office space at 3800 Paramount Parkway, Morrisville. Robin Anders and Jordan Williams handled the transaction.
- Carolina Center for Autism Services, LLC renewed their 11,583 square foot office lease at 111 MacKenan Drive in Cary, NC. Ryan Gaylord and Luke Enzweiler handled the transaction on behalf of the tenant.
- Summit Engineering expanded by 9,025 square feet of office space at Navaho Tower in Raleigh, NC. Ryan Gaylord, Michael Wallace and Luke Enzweiler handled the transaction on behalf of the tenant.
- Third Wave Psychotherapy leased 8,041 square feet of office space at 5401 Six Forks Road in Raleigh. Becky Capps and Kacy Coggin handled the transaction on behalf of the landlord, Marlowe Farms and Land, LLC.
- Timberlake Cabinets extended their 4,200 square foot flex lease at 1101 Aviation Parkway in Morrisville, NC. John Hibbits handled the transaction on behalf of the tenant.
Notable Sales Transactions
- Galvin’s Ridge Landco, LLC purchased the 539.68 acre Colon Road Assemblage in Sanford, NC. Steve Stroud, Tim Brent and Laura Sante handled the transaction on behalf of the sellers.
- Mungo Homes purchased 216 acres at Olive Branch Road in Durham for $6.5 million. Jimmy Barnes handled the transaction on behalf of the seller Raleigh Durham RTP, LLC.
- Town Hall Commons Holdings LLC purchased the 73,614 square foot Town Hall Commons III office building at 101 J. Morris Commons Lane in Morrisville from Front Street Capital. Rob Griffin and Greg Sanchez handled the transaction on behalf of the buyer.
- Amplify Church sold their 39,000 square foot church property at 1329 US 70, Garner for a sale price of $2,860,000. Gray Creech and Daniel Herring handled the transaction on behalf of Amplify.
- Hand Hewn, LLC purchased a 98,000 square foot industrial building for $385,000 from Supreme/Murphy Truck Bodies at 4000 Airport Drive NW, Wilson, NC. Hunt Wyche handled the transaction on behalf of the seller.
- The Campbell University Foundation sold 35 acres at Hwy. 210 in Angier, NC. Carson Wilson and Steve Stroud handled the transaction on behalf of Campbell University Foundation.
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