Home News Five adjacent parcels in Raleigh’s Warehouse District sold for $20.9M to NYC firm

Five adjacent parcels in Raleigh’s Warehouse District sold for $20.9M to NYC firm

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RALEIGH – Five lots of real estate in Raleigh’s warehouse district have been sold to a New York City-based real estate investment company. Tide Real Estate PartnerWith transactions close to $ 21 million.

The $ 20,900,000 sale price is one of the highest recent sales per acre, according to a statement by CBRE | Raleigh, representing property sellers Raleigh Warehouse District Holdings LLC and Centerline Property LLC.

According to a CBRE | Raleigh spokesman, the five parcels are adjacent to the CAM Raleigh. The address of each partition is as follows:

  • 310 South Harrington Street
  • 319 Southwest Street
  • 324 South Harrington Street
  • 406 West Davie Street
  • 333 Southwest Street

Raleigh establishedFormerly HQ Raleigh, but based in 310 South Harrington. 319 Southwest Street is described as VacantAccording to LoopNet Public records..

According to CBRE | Raleigh’s statement, the site is zoned into multipurpose facilities up to 40 floors high. A spokesperson for Tidal Real Estate Partners confirmed the acquisition of the property with WRAL TechWire, but did not comment further on the parcel.

The deal closed earlier this month, according to a CBRE | Raleigh spokesman.

All parcels are close to the district’s popular facilities. According to CBRE | Raleigh’s statement, the site is “an unparalleled development opportunity to take advantage of the surrounding amenities.”

Report: Triangle’s commercial real estate market remains resilient

Land in demand

Ann Previous report From CBRE | Raleigh described Triangle’s commercial real estate sector as “resilient,” with low vacancies and high demand. And the Downtown Raleigh Alliance Report It indicates that workers may return to their downtown offices earlier this year.

Investors and developers are looking at the triangle as a potential place to invest capital while mitigating risk compared to other “gateway markets,” said Brian Leary, COO of Highwoods Properties, earlier this year on WRAL TechWire. Told to.

To do that Unoccupied land and developable land, High demand In the triangle, reported by WRAL TechWire as part of the Future of Work, a special reporting project.

WRAL TechWire Increased volume and value Of Wake County commercial real estate, tracked by Wake County Certificate Registration.

Future of Work Special Report: Beyond the Triangle, “Insatiable Demand” for Land

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