JV BUYS RALEIGH OFFICE PARK

by admin

RALEIGH, N.C. — Highwoods-DLF Forum, a joint venture of Raleigh-based Highwood Properties and DLF, has acquired The Forum, a 635,000-square-foot, Class A office park in the Six Forks submarket of Raleigh, from Prudential Real Estate, for $113 million. The property consists of five buildings situated on 19 acres. Forum I is 135,000 square feet and seven stories; Forum II is 96,000 square feet and five stories; Forum III is 94,000 square feet and five stories; Forum IV is 182,000 square feet and six stories; and Forum V is 128,000 square feet and six stories. Forum I Ð Forum IV were 92 percent occupied at the time of sale, and Forum V was 82 percent occupied at the time of sale.

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