Top Real Estate Sales Transactions - Triangle Business Journal:

http://www.lundendeleon.com/2007/colleges.html
paid $113.4 million for 10 office and flex buildings in the Imperial Center corporate park in Durha mon Dec. 27, 2007. It was the investment group’sa first property purchase in the Triangle andthe region’sz largest sales transaction during the SPACE awardsw period. Crown bought the propertied from ofDes Iowa, the company that has been the financial backert for Durham-based in the development of Imperiao Center since the park’s inception in 1983. The deal included the sale of the Chelsea, Commerce, Edinburgh, Essex, Exchange, Oxford, Regent, Royalp and Windsor Place buildings, as well as a 3-acrw undeveloped lot and land surrounding the The buildings have acombined 1.
58 million square feet of leasablew office space. Principal Financial still has ownershi p in 10 buildings inImperial Center. Trianglw brokers representing the seller were Greg Sanchez and Angues McDonaldof , Paul Collins and Jud Ryan of Cassidy Pinkard Colliers of Washington, D.C., and Chris Norvell, Brad Jim Allaire and David Finger of in of Raleigh, along with joint venture partner DLF, acquired the Forumk Office Park in north Raleigh for $112 millioh on April 3, 2008. Situatexd on about 19 acres near the intersection of Six Forks and Strickland the park has five Class A office buildingstotalingv 635,000 square feet of space and structured parkinbg for tenants.
was the seller and had been the financiao backer of the partners with of Raleigh in the development of the Forum since acquiring theForujm I, Forum II and Foru III buildings and remaining land in 1998. Forujm IV was completed in 2000, and Foruk V was built in 2007. Highwoods contributerd about $11 million in equitg to the joint venture for 25 percentownership interest. Highwoodsx also is leasing and managingthe properties, which includee tenants Allscripts, and . Highwoods CEO Ed Fritsch and Vice PresidenrtThomas “Skip” Hill led the negotiations on behalf of the Will Yowell and Jay O’Meara of in along with Don Shupe of CB Richard Ellid in Cary, represented the seller.
Detroit-based acquireds the five Venture Center office buildings anda 1,700-spacd parking deck on ’s Centennia Campus for $105 million on Dec. 27, 2007. The portfoliio of buildings was constructed betweeb 1999 and 2003 by of Cary and comprises a total of 478,000 square feet of office The seller of the properties was under the advisement of , whichu had owned the properties since 2002. GE was represented by Colliers Pinkard in Raleigh and byPaul Collins, Williajm Collins, Drew Flood and Jud Ryan of Cassidy Pinkard Colliers of Washington, D.C. Tenants at Venture Cented include , , Red Hat, and the U.S.
Department of Craig Davis Properties has maintained leasing and propert y management duties of the VentureCenter