TIC investors sink money into North Carolina

Tenant-in-common investors on Monday purchased a 17-acre office park in Durham, N.C., for an undisclosed price.

Highwoods DLF 98/29 L.P. sold the Durham Office Portfolio, which comprises five office buildings totaling more than 276,000 square feet.

The property, which offers convenient access to major freeways, including I-85, I-540, US-70, I-40 and the Durham Freeway (Route 147), was 99 percent leased at the time of sale to five tenants, including Duke University Health System, Qualex and IBM.

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