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KBS, Kane Sell Raleigh, NC Asset for $127M
Newport Beach, CA-based KBS Realty Advisors and Raleigh, NC-based Kane Realty Corp. divested Midtown Plaza to an undisclosed party for $127 million. The LEED Silver 329,613-square-foot, Class A office development is located at 305 Church at North Hills St. in Raleigh, NC.
The 12-story, recently-built property is situated in the heart of the North Hills area, a multi-faceted, mixed-use district with office, housing, retail, restaurants, entertainment and hotels.
KBS’ Marc DeLuca says, “KBS has always viewed the Raleigh market favorably, given its dynamic live-work-play environment. It is exciting to see continued economic growth and interest from people and companies who consider making the city their home, and to witness how our projects have made this market a better place to live, work and play.”
NKF’s James Cassidy and Jud Ryan represented KBS in the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
