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Atlanta & Southeast  + Office  |  April 12, 2021
David Cohen
By: David Cohen

Raleigh Office Building Trades for $28M

JLL has arranged the $27.8 million sale of Trinity Place, a 113,368-square-foot, class A office building in Raleigh, N.C.

Located at 1201 Edwards Mill Rd., Trinity Place is nearby downtown Raleigh, Fenton and PNC Arena as well as local universities Duke, UNC-Chapel Hill and NC State University. The property is currently 93% leased to a tenant roster that includes PR/media relations, insurance, business services, data processing, real estate, among others.

Chris Lingerfelt, Ryan Clutter and John Mikels of JLL represented the seller, Origin Investments, in the transaction. The buyer, JPB Raleigh Holdings, was represented by Tri Properties | NAI Carolantic. During its five-year ownership, Origin increased occupancy by 25% and cultivated a credit quality tenant roster combining long-term stability with upside through additional leasing.

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Inside The Story

JLL’s Lingerfelt

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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