HFF Brokers $32.3M Sale of Two Office Buildings in Raleigh

by Camren Skelton

RALEIGH, N.C. — HFF has brokered the $32.3 million sale of Palisades I and II, two adjacent office buildings totaling 161,480 square feet in Raleigh. Scot Humphrey, Ryan Clutter, Chris Lingerfelt and Zack Drozda of HFF arranged the transaction on behalf of the seller, CapRidge Partners LLC, and procured the buyer, Keystone Corp. Completed in 2001 and 2005, Palisades I and II are four-story buildings with a shared three-story parking deck and amenities including a café, vending area, lounge, conference center and a fitness center with lockers and showers. The properties were collectively 96.2 percent leased at the time of sale to tenants such as Kuehne + Nagel LP and NC State Student Aid Association. The buildings are located roughly four miles from North Carolina State University’s campus, and approximately 10 miles from Raleigh-Durham International Airport.

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