Starwood Capital Group, Trinity Capital Advisors and Vanderbilt Partners have sold a seven-property portfolio in Raleigh-Durham, North Carolina for $105.5 million. The buyer was not named. Holliday Fenoglio Fowler LP represented the sellers on the transaction.
CHARLOTTE, N.C.–(BUSINESS WIRE)–Holliday Fenoglio Fowler, L.P. (HFF) announces the $105.5 million sale of a seven-property office portfolio totaling 581,619 square feet within the Perimeter Park business park in Raleigh-Durham, North Carolina.
The HFF team marketed the offering on behalf of the seller, a joint venture between Starwood Capital Group, Trinity Capital Advisors and Vanderbilt Partners, and procured the buyer, an institutional investor.
The seven properties within the portfolio are located at 1500, 1600, 1700, 1800, 2000 and 2250 Perimeter Park and 3800 Paramount Parkway within the Research Triangle Park/Interstate 40 (RTP/I-40) submarket of Raleigh-Durham. The centrally located portfolio has easy access to Interstates 540 and 40 providing accessibility to residential neighborhoods in Cary, West Raleigh and North Raleigh as well as access to the Raleigh-Durham International Airport and the world-renowned Research Triangle Park. Completed in the 1990s and early 2000s, the portfolio