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Atlanta & Southeast  + Southeast  + Healthcare  |  January 21, 2020
David Cohen
By: David Cohen

JLL Brokers $18M Sale of Biomed Research Building in Raleigh

JLL has brokered the $17.6 million sale of the Biomedical Partnership Center, a 44,835-square-foot, office flex/lab building in Raleigh.

The property is located at 1001 William Moore Dr., on the Centennial Biomedical Campus of North Carolina State University. The Biomedical Partnership Center features two stories of office flex/lab space that is currently 95% leased to multiple tenants.

Ryan Clutter, Scot Humphrey, Christopher Lingerfelt and Zack Drozda of JLL represented the seller, CBC Flex Lab LLC. Flex III Subsidiary LLC, a Tennessee-based 1031 buyer, acquired the property.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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