DURHAM INDUSTRIAL PORTFOLIO SELLS FOR $44.3M

DURHAM, N.C. — Crown Realty & Development has sold a five-building, Class A industrial portfolio totaling 705,365 square feet in Durham. Liberty Property Trust purchased the portfolio, located within Imperial Business Park, for approximately $44.3 million. Chris Norvell, Bill Simerville and David Meline of Cushman & Wakefield represented the seller in the transaction.