January 21, 2020
JLL has brokered the $17.6 million sale of the Biomedical Partnership Center, a 44,835-square-foot, office flex/lab building in Raleigh.
The property is located at 1001 William Moore Dr., on the Centennial Biomedical Campus of North Carolina State University. The Biomedical Partnership Center features two stories of office flex/lab space that is currently 95% leased to multiple tenants.
Ryan Clutter, Scot Humphrey, Christopher Lingerfelt and Zack Drozda of JLL represented the seller, CBC Flex Lab LLC. Flex III Subsidiary LLC, a Tennessee-based 1031 buyer, acquired the property.
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