NY firm buys Research Tri-Center warehouses for $76.95 million

Posted on June 7, 2010 by - In the News, Industrial, Triangle

June 7th, 2010
News & Observer .biz

In the latest sign of investors strong appetite for high-profile commercial real estate in the Triangle, a private New York real estate investment firm has paid $76.95 million for the Research Tri-Center buildings in Durham, according to Durham County property records.
The Triangle warehouse vacancy rate was 15.3 percent in the first quarter, up from 9.8 percent during the same quarter a year ago, according to Karnes Research.
The warehouse vacancy rate in the I-40/RTP submarket stood at 11.4 percent in the first quarter, up from 9.9 percent a year ago.

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