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 2006
Building Area

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sale representative for Palisades I, II & III (the “Properties”, the “Portfolio”), a 327,540 square foot office portfolio in Raleigh-Durham, one of the most coveted real estate markets in the country and a leader in the Post-COVID environment. The Portfolio features two existing Class A office properties paired with a brand-new, trophy office building currently under construction and slated for delivery in Q4 2021. Overall, the Portfolio is currently 38.7% leased to an attractive mix of local, regional, and international firms. Moreover, Palisades I & II are 79.1% leased and Palisades III is fully available for lease up, presenting an incredibly rare opportunity to purchase a portfolio with existing stability and cashflow paired with the immediate ability to create immense value through the lease up of a trophy office building in one of the Country's most highly sought-after markets by tenant demand.

Investment Highlights

EXTREMELY RARE VALU E -ADD AND LEASE -TO-CORE OPPORTUNITY

• MARKET LEADI NG AMENITY PACKAGES

• DIVERSE EXIST ING TENANT ROSTER

• FLOURISHI NG U RBAN WEST RALEIGH LOCATION

• STRONG APPETITE FOR SPACE I N RALEIGH-DURHAM

• EXPLOSIVE POPULAT ION & EMPLOYMENT GROWTH

Last Updated Date: 14 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: 14 Jul 2021

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