CBRE|Raleigh is pleased to have represented Lucille Oliver and family in the sale of 37.5 acres at 9313 Macon Road located off I-540 in Raleigh, NC. The property was purchased for $2,625,000 to be used as a primary residence.
“Despite being in the watershed, we had interest from homebuilders, homebuyers and individual investors alike. It is becoming more difficult to find sites of this size range in Raleigh,” said Executive Vice President Chester F. Allen.
CBRE|Raleigh’s Land Services group of Allen, Barry Bowling, Carlton Midyette III, and Tiffany Hilburn represented the seller in the transaction.
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 2018, the Raleigh office completed $1.9 billion of sales and leasing transactions. Please visit our website at www.cbre.us/raleigh.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), 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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.