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Atlanta & Southeast  + Southeast  + Office  |  March 4, 2020
David Cohen
By: David Cohen

Alidade Capital Snags Raleigh-Durham Life Science Portfolio for $41M

JLL has arranged the $40.9 million sale of Bradford Center and Berrington Center, two fully-leased single-story office and research buildings totaling 224,779 square feet in Raleigh-Durham.

Ryan Clutter, Scot Humphrey, Chris Norvell and Valerie Derrick of JLL represented the seller, an affiliate of Crown Realty & Development. The buyer was Alidade Capital in an off-market transaction.

Built in 1999, the 121,833-square-foot Bradford Center and 102,896-square-foot Berrington Center feature highly specialized lab buildouts and office/training space. The buildings are part of Durham’s Imperial Center, and are located on more than 30 acres at 5827 and 5927 S. Miami Blvd., near the intersection of Routes 40 and 540 in the premier life science submarket.

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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