9/10/2008

Two R&D/office facilities in Durham fetch $34M

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Bethesda, Md.-based B&B Realty Investments, LLC, has purchased two R&D/office facilities totaling 224,779 square feet in Durham, N.C., for $34 million from Americas Capital Partners.

Paul Collins, Bill Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy & Pinkard Colliers brokered the deal on behalf of the Miami, Fla.-based seller.

The two properties are the Bradford and Berrington Center located within the Imperial Center Business Park, a mixed-use office and industrial center in the Raleigh-Durham corridor. They are located at 1007 Slater Rd. and are 100 percent leased to Quintiles, Inc., a global pharmaceutical company.

The Cassidy Pinkard team recently brokered the $44.9 million sale of the D.C. Prison Bureau building in Washington, D.C. The five represented Municipal Associates in the deal.

Address: 1007 Slater Rd., Durham, N.C.

Size: 224,779 square feet

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Filed Under: Office

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