Cassidy Turley Raleigh Announces Recent Sales and Lease Transactions

Published on December 12, 2011


RALEIGH, N.C. – Cassidy Turley, a market leader in commercial real estate services, announces the following sales and lease transactions:

Sales
CRP/WF Creekstone, LLC purchased 14.89 acres of land near the cross streets of Miami Boulevard and Hopson Road in Durham, N.C. The Cassidy Turley team of Jim Allaire and Justin Good represented the buyer in the transaction.

Meridian Building Investment, LLC purchased the 30,000-square foot Meridian Office Building from CRM Mid Atlantic Properties, LLC. The property is located in Clayton, N.C. The Cassidy Turley team of Justin Good and Jim Allaire represented the seller in the transaction.

Leases
Vestiq Pharmaceuticals acquired a new lease for office space at the Aerial Center Executive Park of 5,748 square feet. Located at 3000 Aerial Center Parkway, Suite 160, Morrisville, N.C., the property is owned by Pizzagalli Properties. Hillman Duncan and Dennis Hurley of Cassidy Turley represented the lessor in the transaction.

Morrison Management Specialists, Inc. renewed its lease of 1,413 square feet of office space at 155 Franklin Road, Brentwood, Tenn., from Highwoods Realty Limited Partnership. The Cassidy Turley team of John Kelly, Tom Kelly, David Dorsch, Joe Franco, and Mike Kemmet represented the lessee in the transaction.

Cempra Pharmaceuticals renewed a lease for 6,074 square feet of office space at Quadrangle IV from Property Reserve Inc. The space is located at 6340 Quadrangle Drive, Chapel Hill, N.C. Deb Boucher of Cassidy Turley represented the lessee in the transaction, and Dennis Hurley and Hillman Duncan represented the lessor.

ECAST Corporation DBA CL Consultants LLC acquired a new lease for 3,758 square feet of office space at Somerset Park from Somerset Properties SPE, LLC. The space is located at 4505 Falls of Neuse Road, Suite 600, Raleigh, N.C. Hillman Duncan and Dennis Hurley represented the lessor in the transaction.

Kristi’s Kat Walk, Inc/Monkees renewed its lease of 1,302 square feet of retail space in the North Hills Shopping Center from NHM Owner-1 LLC c/o Kane Corporation. The space is located at 3200 Spring Forest Road, Raleigh, N.C. Brian Carr represented the lessee in the transaction.

Sequenom, Inc. acquired a sublease from Biolex Therapeutics, Inc. for office space at Alexandria Innovation Center. The 48,236 square foot space is located at 7010 Kit Creek Road, RTP, N.C. Sue Back and John Kelly of Cassidy Turley represented the sublessor in the transaction.

Phoenix Telecom NC, LLC renewed its lease for 89,273 square feet of industrial space at 4400 Emperor Boulevard, Durham, N.C. from Crown Emperor Associated, LLC. Jim Allaire, Chris Norvell, and Jackson Rives of Cassidy Turley represented the lessor in the transaction.

CareAnyware, Inc. signed a new lease for 8,643 square feet of office space at Aerial Center Executive Park from Pizzagalli Properties. The space is located at 5001 Aerial Center Parkway, Suite 100, Morrisville, N.C. The Cassidy Turley team of Hillman Duncan and Dennis Hurley represented the lessor in the transaction.

R&S Learning Systems, Inc. renewed its lease for 2,658 square feet of office space at Spring Forest Business Center from Raleigh Flex Owner II, LLC. The space is located at 3200 Spring Forest Road, Suite 212, Raleigh, N.C. Hillman Duncan and Dennis Hurley of Cassidy Turley represented the lessor in the transaction.

El Cerro renewed its lease for 3,226 square feet of retail space at Millpond Village, 3434 Kildaire Farm Road, Cary, N.C. from Millpond Holdings, LP. Brian Carr of Cassidy Turley represented the lessor in the transaction.

SimplexGrinnell, LP renewed its lease for 32,276 square feet of industrial space at Walnut Creek I, from Duke Realty Partnership Corporation. The space is located at 540 Civic Boulevard, Raleigh, N.C. The Cassidy Turley team of Jackson Rives, Jim Allaire, and Chris Norvell represented the lessor in the transaction.

Towne Bank DBA TowneBank Mortgage acquired a new lease for 6,409 of office space at Somerset Park from Somerset Properties SPE, LLC. The space is located at 4514 Falls of Neuse Road, Suite 150, Raleigh, N.C. Hillman Duncan and Dennis Hurley represented the lessor in the transaction.


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.

Courtney Lewis
919.645.3391

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