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Atlanta & Southeast  + Southeast  + Office  |  July 31, 2019
David Cohen
By: David Cohen

NAI Carolantic Arranges $39M Sale of Raleigh Office Campus

NAI Carolantic Realty brokered the $39.7-million sale of the Northchase Executive Center, a two-building office campus in Raleigh.

Located at 6601 Six Fork Rd., the 176,620-square-foot property was built in the mid-1980s. The two buildings are currently 95% leased to a tenant roster that includes Merz North America, Globant, Phillips Architecture, Go Realty and Clean Design Inc. Previous owners of the campus invested more than $14 million in capital improvements and renovations.

Jimmy Barnes of NAI Carolantic represented the buyer, Utah-based investor JPB Raleigh Holdings, in the transaction. Ben Kilgore, Chandler Hawkins and Leslie Holmes of CBRE’s Raleigh office advised the seller, Principal Real Estate Investors LLC.

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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