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Accesso, Torchlight Nab Durham, NC Buildings for $108M
Florida-based Accesso Partners LLC and capital partner Torchlight Investors acquired 10 office buildings in Meridian Corporate Center, an office park near Research Triangle Park in Durham, NC. The nearly 700,000-square-foot property was reportedly purchased for more than $108 million.
The deal involved nine more than 90%-occupied office buildings that were divested by New York-based Investcorp, and a 10th building was sold by Origin Investments in a separate deal. Tenants including NVIDIA, Parexel, EBSCO Information Services’ NoveList division, Spoonflower, and Avaya.
The 270-acre master-planned community sits west of Research Triangle Park, near the Streets of Southpoint retail center. The property includes a 332-unit apartment complex and a Doubletree Hotel by Hilton.
HFF’s Ryan Clutter represented the sellers.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
