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Alvarez & Marsal Property Investments has purchased the Miami North Office Park in Durham, NC for $18.3M

Alvarez & Marshal Secures $18M Office Complex within Research Triangle Park

Alvarez & Marsal Property Investments has completed the acquisition of the Miami North Office Park in Durham, NC for $18.3 million. The buildings on South Miami Boulevard total 74,500 square feet.

Alvarez & Marsal Property Investments was self-represented in this transaction. The seller, TME Investments, was represented by Ben Kilgore of CBRE’s Raleigh office.

“We are thrilled to continue expanding our portfolio nationally with our newest acquisition in Durham,” said Michael Marsal, founding partner and managing director of AMPI. “The asset sits in the world-renown Research Triangle Park and is currently 100% occupied. Our team looks forward to continued growth in 2022.”

Current tenants include Juul, vXchnge, North Carolina Weselyan College, KB Homes and Get Spiffy.

Alvarez & Marsal Property Investments is privately owned subsidiary of Alvarez & Marsal Inc., and has a portfolio of more than 1.5 million square feet of mixed-use, office and retail properties.

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Alvarez & Marsal Property Investments’ Marsal

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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