Portfolio

Concourse Lakeside I & II

2801 Slater Rd Morrisville, United States 27560-8477
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

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1999
Building Area
Land Area ()
Number of units 2

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sale representative for Concourse Lakeside

I & II (the “Property”), two Class A office assets totaling 156,649 square feet in the flourishing Raleigh-Durham market.

The Property is currently 86.7% leased to an attractive mix of tenants with remaining WALT of 2.43 years and in-place

rents approximately 16% below market, presenting an attractive value-add offering with both leasing and mark-to-market

upside.

Concourse Lakeside benefits from direct access to Interstate 40 and Interstate 540, offering superior accessibility and

regional connectivity to the surrounding Raleigh-Durham metropolitan area. The asset is positioned in one of Raleigh-

Durham’s premier submarkets, the RTP/I-40 submarket, with close proximity to the world-renowned Research Triangle

Park and the RDU International Airport. Recent mixed-use development in the RTP/I-40 submarket has strengthened the

infill location of Concourse Lakeside as the surrounding amenity base grows and investment opportunities for Class A

office assets become increasingly rare. Concourse Lakeside represents a unique opportunity to invest in a portfolio that

offers attractive stability and near-term upside potential at a price that is at a discount to replacement cost in the highly

desirable RTP/I-40 submarket of Raleigh-Durham.

Investment Highlights

  • Balanced Tenant Roster
  • Mark-To Market Opportunity
  • Life Science and Corporate Growth in the Immediate Area
  • Strategically Located
  • Significant Discount to Replacement Cost
  • Economic Development in Raleigh-Durham
  • Life Science / Tech Job Multiplier
Last Updated Date: 01 Jul 2021
Ryan Clutter
Ryan Clutter
Senior Managing Director, Office Group Co-Leader
License details
MD-645969 NC-172952 SC-6364
Christopher Lingerfelt
Christopher Lingerfelt
Senior Director, Capital Markets
License details
NC-286599

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Last Updated Date: 01 Jul 2021

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