Destination retail, corporately guaranteed AT&T store in North Carolina’s medical and innovation capital Durham, North Carolina | Raleigh-Durham MSA
- The AT&T at Patterson Place is an incredible investment opportunity featuring a
- recently extended, corporately-guaranteed, and investment-grade credit lease
- (NYSE: T, Moody’s Baa2, S&P: BBB). Additional investment attributes include its
- location in one of the most-educated and fastest growing job markets in the
- Southeast - Durham, North Carolina. Home to world-renowned Duke University
- and Duke Health Care, Durham and its surrounding area represent wellestablished
- demographics specifically with more than 67% of the population,
- within a five-mile radius of the Subject Property, earned a Bachelors degree
- or higher. UNC Chapel-Hill and UNC Health Care also has a strong presence in
- the market. On the other side of Durham-Chapel Hill Boulevard and I-40, UNC
- Health Care is constructing a 150,000 s.f. office building. This development is
- part of a larger, 48-acre master development targeted to expand UNC Health
- Care’s services deeper into the Raleigh-Durham market. UNC Health Care is in
- discussion with the Town of Chapel Hill to approve up to three million square
- feet of development.
Director, Capital Markets
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