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National  + North Carolina  + Industrial  |  February 11, 2020
David Cohen
By: David Cohen

Raleigh Industrial Portfolio Trades for $59M

JLL has arranged the $59 million sale of Northside Center, a 15-building light industrial and office portfolio in the Raleigh-Durham metro.

Located on more than 33 acres, the 548,560-square-foot portfolio is adjacent to Interstate 440 and offers tenants easy access to downtown Raleigh and North Hills. Northside Center is 98% leased and comprises seven distribution/industrial warehouses, three multi-story office buildings and four single-story/flex properties.

Valerie Derrick, John Mikels, Chris Norvell, Scot Humphrey and Justin Good of JLL represented the seller, a private family trust, in the transaction. The Spectrum Cos. purchased the portfolio in partnership with FCA Partners.

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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