The CBRE|Raleigh and CBRE|Triad offices are pleased to announce the sale of 3700 South Miami Boulevard in Durham, NC, an industrial warehouse facility fully leased to PBM Graphics.The CBRE|Raleigh and CBRE|Triad regional team of Dodson Schenck, Ann-Stewart Patterson and Butch Miller represented the private seller. Beacon Properties acquired the building for $22,925,000.
3700 South Miami Boulevard, a 293,000 square foot warehouse building, is prominently located in the heart of the Research Triangle Park. The property is located within close proximity to I-40 and I-540 and surrounded by companies such as IBM, Labcorp, Qualcomm, Peter Millar and PowerSecure.
The building will remain occupied by PBM Graphics, a full-service printing and graphics communications company.
About CBRE|Raleigh
CBRE|Raleigh is a CBRE office serving the Triangle region and is a joint venture between local principals and CBRE Group, Inc. The firm assists real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. In 2017, the Raleigh office completed $2.2 billion of sales and leasing transactions. Please visit our website at www.cbre.us/raleigh.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.us.
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