RALEIGH - CRABTREE BUILDING SOLD FOR $3 MILLION
Raleigh, North Carolina. Four Partnerships Buy 32,000 Sqare Foot Crabtree Office Building. The buyers are three Greensboro partnerships and one Durham partnership. The seller is the Narigant Investment Group. The buyers plant to attract tenants and reduce operating expenses by making the building meet the U.S. Green Building Council standards in Environmental Design and Energy. A further attraction for both the investors and potential tenants is the building’s prime location at the corner of U.S. 70 and Creedmoor Road. It is across the street from Crabtree Valley Mall and will soon be under the shadow of the 42 story Soleil Center which is under construction just West of it. Other buildings are to be built in the immediate area as well. Tri Properties, a Durham commercial real estate services firm, will handle the building’s renovation and then manage it.
John Fish (919) 696-3474 Email: Marvmax@mindspring.com Website: www.JohnFish.com
