Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2018
Building Area
Occupancy 100.0 %

Property Description

The Dillon is the flagship Transit Oriented Development of Downtown Raleigh’s Warehouse District, a high-growth district which has rapidly emerged as the Triangle’s preeminent live-workplay destination. This is a generational core offering, and a truly unique opportunity to obtain a trophy asset with long-term cash flows in one of the most coveted submarkets in the country. The office space is currently 100% leased to a dynamic tenant roster anchored by Arch Capital (Moody’s: Baa1), a global insurance leader expiring 12/31/2030, while the retail space is 87% leased to a vibrant mix of restaurants, national retailers, boutique fitness and Downtown Raleigh’s first specialty grocery market. The multifamily component features luxury amenities and unit details with quartz countertops, side-by-side refrigerators, and Nest thermostats. It is stabilized at 96% leased.

Investment Highlights

  • Jones Lang Lasalle, a North Carolina licensed real estate broker (“JLL”), has been retained as
  • the exclusive sales representative for The Dillon (the “Property”) – a recently completed mixeduse
  • project featuring 485,380 square feet of office, multifamily, and street-level retail space in
  • Raleigh-Durham, one of the fastest-growing metropolitan areas in the country. The project also
  • features a dedicated on-site parking deck and the only public parking facility in the Warehouse
  • District. The Property’s design integrates elements from the site’s history as a manufacturing
  • warehouse while also incorporating award-winning, LEED-certified design, establishing the
  • Property as the preeminent development in Raleigh-Durham.
Ryan Clutter
Ryan Clutter
Senior Managing Director, Carolinas Office Co-Head
License details
MD-645969 ND-172952 SC-6364
Matthew Lawton
Matthew Lawton
Executive Managing Director, Investment Advisory Platform Leader
License details
FL-SL3448540 IL-471.016851

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