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CBRE Investment Management Fund buys life sciences campus in Raleigh-Durham
Transactions - SEPTEMBER 27, 2022

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CBRE Investment Management Fund buys life sciences campus in Raleigh-Durham

by Andrea Zander

CBRE Investment Management, on behalf of a separate account client, has acquired Park Point, a 662,607-square-foot life sciences campus in Raleigh-Durham’s Research Triangle.

The sales price was not disclosed; however, it has been reported to be approximately $288 million by Triangle Business Journal.

Located at 4001 NC Highway 54, Durham, N.C., the class A property is aligned with the firm’s commitment to investing in life sciences assets as the demand for modern, responsive life sciences properties remains strong given the ongoing need for specialized, customizable spaces that are required to effectively carry out scientific research.

Park Point is a recently renovated adaptive reuse property, comprising five buildings in total on 95 acres, which offers users flexible space solutions for innovative office, life science and good manufacturing practice uses. The campus features several amenities including a first-class fitness center, cafe, indoor/o

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