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Chester Allen, CCIM, Senior Vice President

Chester F. Allen, CCIM

Executive Vice President

Chester F. Allen, CCIM Executive Vice President
Raleigh Charter Square
555 Fayetteville Street
Suite 800
Raleigh, NC 27601

Professional Experience

Chester F. Allen is an Executive Vice President, and member of the four-person CBRE|Raleigh’s Land Services Group.  Chester specializes in land sale transactions, handling all aspects of the buyer and seller representation process.  He focuses on single and multifamily residential, office, retail, industrial, urban redevelopment, and master planned communities. 

Originally from Southeastern North Carolina, and having lived in Raleigh for over 30 years, Chester has extensive local knowledge and relationships, which he leverages for the benefits of his clients.  He has over 15 years of experience and has completed transactions in every sector of the industry, in multiple states.  Prior to coming to CBRE in 2014, Chester was a Senior Vice President at Avison Young, formerly Grubb & Ellis | Thomas Linderman Graham. Over the years, he has served as a consultant for lenders and as a liaison throughout North Carolina and the Southeast, solidifying his reputation as one of the top industry experts. 

Chester has represented some of the largest and most complicated land transactions in the Triangle Region and is consistently one of the top producing brokers in the Carolinas.  As a member of the CBRE|Raleigh Land Services Group, Chester and the team completed $96.1M in sales in 2018 and $66.1M in sales in 2019.  Recently, the team was recognized by the Triangle Business Journal’s Space Awards for representing the first and third largest sales transaction in the Triangle during 2017 for the sale of 411 S. Roxboro Street in Durham and NC Hwy 42 & US Hwy. 70 in Clayton, as well as achieving the third largest sale in 2018 for Olde Towne and in 2015 for 8341 & 8515 Old Lead Mine Road, both in Raleigh.  Additionally, he has been awarded CBRE|Raleigh’s 2015 Top 5 Producer and CBRE|Raleigh’s Broker of the Year, as voted on by his peers.

Professional Affiliations/Accreditations

  • Licensed Real Estate Broker, North Carolina
  • Board Member, Triangle Community Coalition (TCC)
  • Member, International Council of Shopping Centers (ICSC)
  • Member, Urban Land Institute (ULI)
  • Member, Certified Commercial Investment Manager Organization (CCIM)

Education


  • Appalachian State University - Walker College of Business

Civic

 

  • Member, White Memorial Presbyterian Church Generosity Committee 
  • Board Member, Habitat for Humanity of Wake County Land Acquisition Committee 
  • Board Member, Appalachian Real Estate Holdings, Inc.  
  • Former President & Board Member, Ravenscroft School Alumni Council
  • Former Member, Appalachian State University Yosef Club Advisory Board
  • Alumni, Leadership Triangle Transforming Leaders Program

Clients

RECENTLY REPRESENTED CLIENTS

  • BB&T
  • Camden Property Trust
  • Carter USA
  • Crescent Communities
  • Greenhawk Corporation
  • Halle Companies
  • Hudson Realty Capital
  • Karlin Real Estate Partners
  • Lennar
  • M/I Homes
  • Mungo Homes
  • Newland Communities
  • North State Bank
  • PNC Bank
  • Pulte Homes
  • Southwood Realty
  • Teleflex
  • Trammell Crow Company
  • Trinity Capital
  • The Summit Church
  • The Widewaters Group
  • Wood Partners

Assignments

RECENTLY COMPLETED TRANSACTIONS

CLIENT/LOCATION
ASSET TYPE
ACREAGE
SALE PRICE
Newland Communities/NASH
Catawba River Assemblage, Rock Hill, SC
Recreational Land 1,808.00 $20,000,000
Bellwood Homeowner's Association
Bellwood Drive, Raleigh, NC
Multifamily Residential Land 4.91 Undisclosed
Trinity Capital Advisors
Eastgate540, Knightdale, NC
Industrial Building & Land 30.02 $14,300,000
Durham Partnership Group, LLC
411 S. Roxboro Street, Durham, NC
Mixed Use Land 4.18 $13,500,000
The Halle Companies
Rock Quarry Road, Raleigh, NC
Mixed Use Residential Land 531.61 $10,500,000
Norfolk Southern
NC Hwy. 42 & US Hwy. 70, Clayton, NC
Industrial Land 466.69 $9,000,000
First National Bank of Pennsylvania
1000 Ballena Circle, Cary, NC
Multifamily Units & Land 3.13 $8,000,000
Cornwallis RTP, LLC
2501 E. Cornwallis Road, Durham, NC
Industrial Land 101.49 $8,000,000
GlaxoSmithKline, LLC
3029 E. Cornwallis Road, Durham, NC
Industrial Land 104.61 $7,636,530
Doc Nichols Road, LLC
Pickett Road & Garrett Road, Durham, NC
Single Family Residential Land 70.88 $7,130,000
The Summit Church
Capital Hill Drive, Raleigh, NC
Assembly Land 69.94 $6,850,000
Food Lion, LLC
O'Kelly Chapel Road, Cary, NC
Mixed Use Land 22.91 $6,750,000
Mallinckrodt, Inc.
8701 & 8801 Durant Road, Raleigh, NC
Industrial Land 32.22 $6,500,000
Branaman, Inc.
Hasentree Way, Wake Forest, NC
Single Family Residential Land 65.23 $6,210,000

Chester F. Allen, CCIM Executive Vice President
Raleigh Charter Square
555 Fayetteville Street
Suite 800
Raleigh, NC 27601

Available Properties