The investment opportunity offers stability coupled with immediate upside potential via the opportunity to lease 37,302 square feet of well positioned vacant space and future upside with the opportunity to backfill 23,280 square feet of space that will become available in 2020. Additionally, the Property features an attractive mark-tomarket opportunity with in-place rents that are 13.5% below market. Featuring significant capital improvements completed over the past four years and attractive on-site amenity packages at each of the assets, the offering provides investors with attractive leasing advantages in the highly competitive Raleigh-Durham office market. The Raleigh Office Collection represents an exceptional opportunity to acquire high quality office product in unmatched locations at scale in the high-growth Raleigh-Durham market. The assets are being marketed with the optionality of a Portfolio acquisition or individual single-asset acquisitions.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. now part of JLL a North Carolina licensed real estate broker (“HFF”) has been retained as the exclusive sales representative for The Raleigh Office Collection (the “Property” or “Portfolio”), a 444,526 square foot office portfolio located in the flourishing Raleigh-Durham market. The Portfolio consists of four institutional quality office assets situated in three of Raleigh-Durham’s premier office submarkets: West Raleigh, RTP/I-40, and Six Forks Falls of Neuse. The offering is leased to an attractive tenant roster featuring publicly traded, creditworthy companies some of which boast long-standing tenancy at the assets.