Austin Lawrence Partners Sells Residential Tower in Downtown Durham
Austin Lawrence Partners has sold its One City Center condo and rental apartment tower in downtown Durham, NC. The buyer and acquisition price were not disclosed.
Jeff Glenn, Allan Lynch, Andrea Howard, Caylor Mark, John Currin and Sara Wagman of Northmarq represented the seller, which developed the 109-unit property in 2019.
“The record-setting price Austin Lawrence Partners achieved for One City Center is deserving of their decade-long efforts to transform the Durham skyline and real estate economy,” said Glenn. “The sale ushers in a new chapter of institutional ownership and management that is symbolic of the investment we are seeing throughout the Triangle.”
One City Center is amongst restaurants, craft breweries, performing arts stages and the incoming Google Tech Hub (1,000+ employees). Residents are within a five-minute drive from Duke University and its renowned hospital.
Amenities at One City Center shared between condo owners and apartment renters include rooftop pool, 6th floor courtyard, fitness center and fenced dog park.
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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