Renovated facility keeps rents low

Glenwood developed Croasdaile Commons for Duke Medicine

A mostly vacant retail center in Durham, N.C., has been transformed into the 94,300 square foot Croasdaile Commons, anchored by Duke Medicine.
(Photo courtesy of Glenwood Development Co.)

Facility name: Croasdaile Commons
Address, City, State: 1821 Hillandale Road, Durham, N.C.
Client: Duke Medicine
Product type: medical office building
Number of stories: 1
Square footage: 94,300
Site acreage: 9
Parking: Approximately 470 surface parking spaces
Construction start date: January 2013
Construction complete date: November 2013
Cost: About $24 million
Owner, developer, asset manager, property manager: Glenwood Development Company LLC
Major users/tenants: Duke Medicine
Architect: BJAC
Contractor: Resolute Builders
Lender: Protective Life
Broker/leasing agent: Steve Vinson, Glenwood Development and Tommy Tift, Health America Realty
Consultants: Health America Realty