March 4, 2020
JLL has arranged the $40.9 million sale of Bradford Center and Berrington Center, two fully-leased single-story office and research buildings totaling 224,779 square feet in Raleigh-Durham.
Ryan Clutter, Scot Humphrey, Chris Norvell and Valerie Derrick of JLL represented the seller, an affiliate of Crown Realty & Development. The buyer was Alidade Capital in an off-market transaction.
Built in 1999, the 121,833-square-foot Bradford Center and 102,896-square-foot Berrington Center feature highly specialized lab buildouts and office/training space. The buildings are part of Durham’s Imperial Center, and are located on more than 30 acres at 5827 and 5927 S. Miami Blvd., near the intersection of Routes 40 and 540 in the premier life science submarket.
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Tags: Acquisition, Office
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