MORRISVILLE - DUKE REALTY PURCHASES 150 ACRES
Morrisville, North Carolina. On Friday I reported that Duke Realty was partnering with Kane Realty in building a 20 story office building in the Six Forks shopping center area. Another of Duke’s holdings, 300 acres in Perimeter Park in Morrisville has been doing very well and is now about 80 percent developed. To keep things rolling Duke has purchased 150 acres that adjoins Perimeter Park. The price for the property was $11.8 million. They project that it will take about seven years to build out and that the land could accommodate up to nine office buildings or one very large one.
John Fish (919) 696-3474 Email: marvmax@mindspring.com Website: www.JohnFish.com
