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National  + North Carolina  + Office  |  March 9, 2020
David Cohen
By: David Cohen

NC State Office Assets Trade for $80M

JLL has arranged the $80 million sale of two office assets totaling 175,444 square feet on the Centennial Campus of North Carolina State University in Raleigh.

The portfolio comprises the 104,998-square-foot Center for Technology & Innovation at 1010 Main Campus Dr. and the 70,446-square-foot Keystone Science Center at 1791 Varsity Dr. The campus is approximately two miles west of downtown Raleigh, and is home to more than 70 corporate, government and non-profit partners, more than 75 North Carolina State research centers, institutes, laboratories and department units and more than 600 residents. The assets are fully-leased to a creditworthy STEM roster of tenants, including State of North Carolina, Bandwidth and Cengage.

Ryan Clutter, Scott Humphrey, Chris Lingerfelt and Zack Drozda of JLL represented the seller, Keystone Corp., in the transaction. The buyer was not disclosed.

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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  1. Pingback: NC State Office Assets Trade for $80M - VRJ Properties
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