CBRE announced the sale of a three-story 60,192-square-foot medical office building in Durham, NC for $20.7 million. Fully leased to Duke Health Integrated Practice, a subsidiary of Duke University Health System with an extended long term lease agreement in place, the Class A facility at 4709 Creekstone Drive is mission critical and indicative of market confidence in healthcare real estate stability.
Lee Asher (Vice Chairman), Zack Holderman, Jordan Selbiger, Trent Jemmett and Cole Reethof from CBRE’s U.S Healthcare & Life Sciences Capital Markets practice; Ben Kilgore from CBRE | Raleigh; and Patrick Gildea and Matt Smith from CBRE Charlotte represented Highwoods Properties as seller while the buyer remains undisclosed. Mr Asher commented “We were able to leverage this location’s creditworthiness during a banking crisis to create deep buyer pool for competitive bidding process.”
