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CBRE announced the $20.7 million sale of a three-story 60,192-square-foot medical office building in Durham, NC

CBRE Brokers $20.7M Sale of Fully Leased Raleigh-Durham Medical Office

CBRE announced the $20.7 million sale of a three-story 60,192-square-foot medical office building in Durham, NC. The Class A facility at 4709 Creekstone Drive is fully leased to Duke Health Integrated Practice, a subsidiary of Duke University Health System. A long-term lease extension was recently signed.

Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett and Cole Reethof of CBRE’s U.S. Healthcare & Life Sciences Capital Markets practice; Ben Kilgore of CBRE | Raleigh; and Patrick Gildea and Matt Smith of CBRE in Charlotte represented the seller, Highwoods Properties. The buyer was undisclosed.

“CBRE was able to leverage the mission critical nature of the location and credit of the tenant during a banking crisis to create a deep buyer pool for a competitive bidding process,” said Mr. Asher, Vice Chairman with CBRE. This transaction is indicative of the market’s confidence in the stability of the healthcare real estate sector.”

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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