Accesso Partners, along with capital partner Torchlight Investors, has acquired 10 office buildings totaling 690,520 square feet in Meridian Corporate Center in North Carolina. The acquisition is Accesso’s initial entry into the fast-growing Raleigh-Durham Research Triangle market.
The portfolio is a mix of single- and multi-story buildings. Accesso bought a 91 percent occupied nine-building portfolio totaling 616,448 square feet from a New York City–based institutional investor. Separately, Accesso also acquired a 74,072 square foot office building from a different seller in the 270-acre master planned community, which is located adjacent to the Research Triangle Park.
The total price for the buildings was more than $100 million.
Meridian Corporate Center “fits perfectly with our investment philosophy of buying attractive office properties in high growth, non-gateway cities,” said Brian Rosen, CIO of Accesso, in a statement. “We’re interested in acq
