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Grubb Properties receives $21m construction loan for North Carolina development
Transactions - AUGUST 17, 2020

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Grubb Properties receives $21m construction loan for North Carolina development

by Released

Grubb Properties has plans for The Gwendolyn, a four-story office property totaling 106,000 square feet in Chapel Hill, N.C. It received a $21 million construction loan.

The Gwendolyn office property is one of the first offices built in Chapel Hill since 2009.

The Gwendolyn is part of the first phase of the Glen Lennox redevelopment, a 70-acre planned community that was completed in the 1950s as the center of living, shopping and industry for Chapel Hill residents. Grubb Properties is revitalizing the community through modern design concepts, tasteful architecture and a network of connected greenspaces that will foster increased pedestrian and bicycle connectivity to the retail, office and residential options at Glen Lennox.

“Our motto at Grubb Properties is ‘People Who Care, Places That Matter’ and the evolution of Glen Lennox reflects a purposeful effort to honor the legacy of individuals who have contributed to the greater good of the community, the u

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