RealOp expands Raleigh-Durham footprint with a $30.6M acquisition

843 Views
photo provided

RealOp Investments, a commercial-real-estate-focused private equity firm headquartered in Greenville, announced the purchase of a seven-building, 223,118-square-foot office portfolio for $30.6 million in the Raleigh-Durham Research Triangle and near the RDU International Airport in North Carolina.

“The acquisition is a perfect fit with our expansion strategy, as we rapidly grow our footprint across the Southeast,” said Julian Nexsen, RealOp vice president of acquisitions.

The portfolio includes RDU Center I, located in the I-40/Research Triangle Park submarket; Horizon I, II, and IV, located in the Six Forks Road submarket; and Franklin Park, located in Chapel Hill. Together, these properties are occupied by a diverse tenant mix.

“We are excited to be expanding our asset base within the Triangle and pleased to be a part of its continued growth,” said Reggie Bell, CEO of RealOp Investments. “We look forward to enhancing the tenant experience with property improvements that will begin immediately, and to future investment across the region.”

So far in 2018, RealOp has added assets in Nashville, Tennessee, and Charlotte, North Carolina, to its growing Southeastern portfolio.

SHARE

Comments

Related Articles