Washington, DC – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it has arranged financing totaling $78.7 million for the Forum Office Park. The portfolio consists of five Class A, Energy Star rated office buildings, totaling 635,380 square feet situated on a 19-acre campus setting in Raleigh, North Carolina.
Executive Managing Director John Campanella and Vice President Paul Spellman of Cassidy Turley arranged the financing on behalf of the property’s owner. The financing was provided by a commercial bank.
“Due to the institutional sponsorship and outstanding tenancy, the transaction priced aggressively making it one of the premier finance transactions in the Southeast in 2013,” said Mr. Campanella.
The 96 percent-leased office park is situated at the intersection of Strickland Road and Six Forks Road and is conveniently located just one mile south of I-540, a major interstate with access to Durham, Chapel Hill, Cary and the Raleigh-Durham International Airport.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Kara Milkovich Courtney Lewis
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