HFF, on behalf of the owner, is marketing the Centennial Campus Portfolio for sale. The six-building, institutional-quality office portfolio totals 620,797 square feet and is located on North Carolina State University’s Centennial Campus in Raleigh. Ideally positioned in one of the world’s preeminent University Research Parks, the portfolio is 95.4 percent leased to an attractive tenant roster anchored by investment-grade STEM tenants. This core investment opportunity features exceptional historical performance and is poised for a tremendous long-term outlook as Centennial Campus offers an unmatched ability to attract and retain tenants due to exceptional public-private partnerships it offers, access to a market-leading amenity base and world-class research facilities and access to one of the country’s top-ranked labor forces.
The Centennial Campus Portfolio comprises the Alliance Center; Venture Center I, II, III and IV and Venture Place in West Raleigh on NC State University’s Centennial Campus and benefits from an urban/suburban setting with immediate proximity to Downtown Raleigh (two miles), a major economic hub; Glenwood South (1.8 miles), a vibrant mixed-use area; Cameron Village (2.5 miles), a premier retail destination; and North Hills (eight miles), Raleigh’s premier mixed-use lifestyle district. Moreover, the assets offer exceptional regional connectivity with convenient access to Interstate 40 (0.5 miles), Interstate 440 (1.5 miles) and US-401 (two miles), which are the area’s three primary transportation arteries. As a result, the location affords easy commutes from Raleigh’s main executive residential hubs, Cary, Central Raleigh and North Raleigh, while also allowing for easy access to some of the fastest-growing communities in the country such as Apex, Holly Springs, Garne and Morrisville. The office portfolio is also virtually adjacent to NC State’s Farmers Market, Pullen Park and Dorthea Dix Park, a future world-class, 306-acre destination park that is currently in development.
The portfolio is a generational investment presenting investors with the unique opportunity to acquire Raleigh-Durham’s premier office portfolio and gain significant critical mass on the campus of a prestigious Tier-1 research university. For more information on the Centennial Campus Portfolio or any other office properties for sale, please contact Scot Humphrey, Ryan Clutter or Chris Lingerfelt in HFF’s Carolinas office. For financing information, please contact Roger Edwards. To view HFF’s current real estate investment listings, please click here to be directed to HFF’s property search page.
Holliday GP Corp. (“HFF”) is a North Carolina licensed real estate broker.