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NAI Carolantic Represents South Glenwood Company in Sale of Former Café Helios Building for Record Amount of $485.85/per SF

11/24/2015

NAI Carolantic Represents South Glenwood Company in Sale of Former Café Helios Building for Record Amount of $485.85/per SF

 

RALEIGH, NC – November 2, 2015 – The former Café Helios building was recently sold by South Glenwood Company for a record $485.85/per square foot, for a total of $1,545,000.  Until this sale, the most paid per square foot in Glenwood South was $444 for the 612 S. Glenwood building.  The final sales price was no surprise given the low office and retail vacancy rates in the area.  The buyer of the property was 413 Glenwood Ave. LLC.

The 3,180 square foot building was previously occupied by Café Helios on the first floor, with office tenants on the second floor.  Clearscapes, PA designed the office space in 2002 and won an award from the NC Chapter of the American Institute of Architecture.

NAI Carolantic Brokers Daniel Herring and Hunter Stewart represented the seller in the transaction. 

About NAI Carolantic

 

NAI Carolantic is the area’s leading commercial real estate firm with seventeen brokers, a full-service property management division, as well as an experienced marketing and research division.  Established in 1972, NAI Carolantic is a member firm of NAI Global, the world’s premier network of commercial real estate firms and one of the largest real estate service providers worldwide.  NAI has over 6,700 real estate professionals in over 375 offices around the world with regional management, global infrastructure, best practices and technology to provide clients with consistent, quality results.

 

www.naicarolantic.com

 

Contact:                             

Kerry Saunders, Vice President & Marketing Director

NAI Carolantic Realty, Inc.

Raleigh, North Carolina

919.832.0594

ksaunders@naicarolantic.com

11/24/2015 - 15:15

Source

NAI Global

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