CBRE announced the $20.7 million sale of a three-story 60,192-square-foot medical office building in Durham, NC. The Class A facility at 4709 Creekstone Drive is fully leased to Duke Health Integrated Practice, a subsidiary of Duke University Health System with a long-term lease extension recently signed.
Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett and Cole Reethof of CBRE’s U.S Healthcare & Life Sciences Capital Markets practice; Ben Kilgore from CBRE | Raleigh; and Patrick Gildea and Matt Smith from CBRE in Charlotte represented the seller Highwoods Properties while the buyer remained undisclosed.
Mr Asher commented on this transaction: “We leveraged the mission critical nature of this location as well as its tenant’s credit during banking crisis to create an extensive buyer pool for competitive bidding process – indicative that market confidence remains strong in healthcare real estate sector.”
