It’s been only a year and a half since GlaxoSmithKline unloaded two of its former laboratory office buildings at Imperial Center in Durham to a real estate investor group for $4 million. Now, the investor group that bought the buildings has sold one of them for $15 million, according to Durham County records. The building is occupied by […]
Grubb Properties and Philadelphia-based real estate investment firm Rubenstein Partners recently partnered to acquire a vacant 467,000-square-foot office property in Research Triangle Park that was built by telecommunications company Ericsson. The two firms spent $26 million to acquire the two-building development, and they plan to spend an additional $10 million on renovations and campus upgrades. This is the second […]
Philadelphia: February 13, 2013 – Marking the initial investment in its second value-added office real estate fund, Rubenstein Partners, a private equity firm providing leading real estate investment management and advisory services in office markets throughout the Eastern United States (“Rubenstein”), today announced the closing of its acquisition of CenterPoint office park on behalf of […]
Philadelphia: January 22, 2013 – Rubenstein Properties Fund, L.P. (Rubenstein) announced the year-end disposition of two significant Southeast U.S. office assets following the execution of Rubenstein’s value-added office investment strategy. The two transactions involved 64/66 Perimeter Center East (64/66 PCE), located in Atlanta’s Central Perimeter District, and NASCAR Plaza in Charlotte’s Central Business District. The […]
Charlotte: January 7, 2011 – Trinity Capital Advisors (“Trinity Capital”) announced today it has purchased the debt and equity interest in NASCAR Plaza, a 393,000 square foot Class-A office building located in the Charlotte central business district (“CBD”). The NASCAR Plaza investment, which is the firm’s first purchase of an existing CBD Class-A tower, exemplifies Trinity […]
