Raleigh, NC - September 20, 2011 - Cassidy Turley announced today that it arranged the sale of the Greenfield North Portfolio, which consists of 397,332 square feet of institutional-quality facilities and over 80 useable acres ready for immediate development. Chris Norvell, Rob Cochran, David Finger, and Drew Flood of Cassidy Turley represented the seller, Greenfield North, LLC, in the sale of the portfolio to Duke Realty, LLC, for $31,000,000.
Greenfield North is a master-planned business campus strategically positioned within Raleigh-Durham’s fastest growing industrial submarket and features unparalleled access and visibility at the intersection of Interstate 40 and US 70. The portfolio is leased to a variety of name brand tenants, including the North Carolina Department of Transportation, Pergo, J.B. Hunt Transport and the corporate headquarters of Butterball, the largest turkey producer in the United States.
“We continue to see strong demand for institutional-grade industrial product in North Carolina. Greenfield North is an excellent opportunity for Duke Realty to enhance its position in Raleigh,” stated Chris Norvell, Senior Managing Director and Principal, of Cassidy Turley’s Raleigh office.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. 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 $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers 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. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.