GRESHAM LAKE DISTRIBUTION CENTER IN RALEIGH SELLS FOR $9M

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RALEIGH, N.C.Cushman & Wakefield | Thalhimer has arranged the sale of Gresham Lake Distribution Center, a 235,404-square-foot industrial building located at 3401 Gresham Lake Road in Raleigh. Meridian Development Group purchased the 56 percent leased property for $9 million. Chris Norvell and Scot Humphrey of Cushman & Wakefield | Thalhimer’s capital markets group represented the seller, Roper Investments LLC, in the transaction. Cushman & Wakefield | Thalhimer was also awarded the leasing assignment for the marketing of the property, which Jackson Rives will lead.

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