Date of Acquisition
November 2017

Size of Property
211,500 SQF

Equity
$10.6 million
THE ARBORS
Raleigh, NC

The Arbors, an office park in Raleigh, North Carolina. Half the property is leased to State of North Carolina until 2025.

The tenant mix is diversified and stable. There is a long-term lease for 45% of the property to the North Carolina Treasury Department. In addition, another 15 top-notch companies rent space in The Arbors. The average lease is six years.

 

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Transaction Details

10/2017
Acquisition

$30.2M
Scope

211,500
SQF

65%
Funding

$10.6M
Equity

$10.6M
B&G Invested