Scannell Properties Sells Class A Industrial Campus for $27.15 Million

November 14, 2017

Scannell Properties announces the sale of PowerSecure Industrial Campus to Principal Real Estate Investors - a public and private equity and debt investment company. The  258,060-square-foot industrial park sold for $27.15M and is ideally situated in Raleigh-Durham, NC.

Named "PowerSecure Industrial Campus",  the properties include a two-building, fully leased Class A assembly, distribution and R&D facility totaling 258,060 square feet. Holliday Fenoglio Fowler, L.P (HFF) represented Scannell.
 
Completed in 2017, PowerSecure Industrial Campus comprises a best-in-class 172,500-square-foot assembly and distribution building and an 85,560-square-foot warehousing and R&D facility fully leased on a triple-net-lease basis to PowerSecure Inc., an industry-leading product developer and solutions provider for utility companies and their large commercial, institutional and industrial clients.  The campus features 28- to 30-foot clear heights, 130-foot truck courts with 60-foot concrete aprons, HVAC throughout and attractive glass lines.  Situated on 22.6 acres at 4062 and 4068 Stirrup Creek Drive in Durham, the campus is within the 160-acre Triangle Business Center master-planned business park, which is at the epicenter of a web of major transportation arteries, including the Durham Freeway, U.S. Highway 70 and Interstates 40, 540 and 85.  PowerSecure Industrial Campus is located in the Research Triangle Park/Interstate 40 submarket, and the property provides access to several lifestyle amenities, including Brier Creek, a master-planned, mixed-use community featuring executive housing, an Arnold Palmer Signature Golf Course; and 800,000 square feet of open-air retail.
 

Company

Scannell Properties is a privately owned real estate development and investment company that focuses on build-to-suit and speculative development projects throughout the U.S. and in Canada.

Contact us

Scannell Properties
8801 River Crossing Blvd., 
Suite 300 
Indianapolis, Indiana 46240
Phone: (317) 843-5959
Fax: (317) 843-5957

Follow us

icon-twitter.png  icon-youtube.png  icon-linkedin.png