News Release: Just Closed – Duke Medicine at Brier Creek, Raleigh, North Carolina

JLL Duke Medicine at Brier Creek

Property Type Medical Office
Sale Date 01/29/16
Sale Price $22,319,000
Price PSF $433
Building Size 51,505 SF
Year Built 2007
Occupancy 100%

The transaction involved the sale-leaseback of Duke Medicine at Brier Creek located in Raleigh, North Carolina.

The JLL Healthcare Capital Markets Group is pleased to announce the sale of Duke Medicine at Brier Creek, a 51,505 square-foot, Class A, medical office building in the Brier Creek neighborhood of Raleigh, North Carolina. Mindy Berman of the JLL Healthcare Capital Markets Group served as the seller’s exclusive advisor.

The sale involved a three-story clinical building that is leased for a term of fifteen years by the Private Diagnostic Clinic (“PDC”) serving Duke University Health System and Duke University School of Medicine. The lease contains triple net rents with desirable annual base rent escalation of 2.5 percent.

For more information on this sale, or if we can help with your healthcare real estate needs, please contact us.

Contact Information

Mindy Berman
Managing Director
+1 617 316 6539
mindy.berman@am.jll.com

Daniel Turley
Senior Vice President
+1 617 316 6521
daniel.turley@am.jll.com

Steve Leathers
Senior Vice President
+1 212 812 5867
steve.leathers@am.jll.com

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