HFF closes $28 million sale of 2-building, 453,788-square-foot industrial complex
CHARLOTTE, NC – September 29, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $28 million sale of Whilden Industrial Centre, a two-building, Class A industrial complex totaling 453,788 square feet in Durham, North Carolina.
HFF marketed the property on behalf of an undisclosed seller. Stoltz Real Estate Partners purchased the asset.
Whilden Industrial Centre comprises two fully-conditioned warehouse buildings that feature 22’ to 30’ clear heights, 40’ by 40’ column spacing and 150’ to 160’ deep truck courts with 65’ concrete aprons. The 100-percent-leased buildings are home to Kuehne + Nagel, Genband and Guardian Logistics. The buildings are positioned on 34.5 acres along Highway 55 with direct access to Interstates 40 and 85 via Highway 147 (Durham Freeway). Whilden Industrial Centre is located in the Research Triangle Park/Interstate 40 submarket, Raleigh-Durham’s largest submarket.
The HFF investment sales team representing the seller was led by senior managing director Chris Norvell.
”The Raleigh-Durham market continues to be one of the most active in the Carolinas for industrial investment sales, and investor appetite is particularly strong for Class A product in the RTP/I-40 Corridor and East Wake submarkets,” Norvell said.
About Stoltz Real Estate Partners
Founded in 1957, Stoltz Real Estate Partners (Stoltz) is a vertically-integrated real estate fund manager, headquartered in the greater Philadelphia area. Stoltz currently owns and operates retail, office, industrial and multifamily investments throughout the United States. With satellite offices around the country, Stoltz maintains the national presence required to strategically lease and manage all of its assets. The company’s highly-seasoned senior management team maintains a hands-on approach through all phases of the real estate investment and management process, enabling it to maximize returns for its investors. Visitwww.stoltzusa.com for more information.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a North Carolina licensed real estate broker.