Capital Markets | Healthcare & Life Sciences
Just Closed
100% Leased to Duke Health with 10+ Years of Term in the Heart of Durham’s Research Triangle
CBRE
Transaction Highlights
Date Closed: 5/25/2023
Size: 60,192 SF
Occupancy: 100%
Duke Medical Plaza | Durham, NC
CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Duke Medical Plaza (the “Property”) located in Durham, North Carolina. Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett, and Cole Reethof partnered with Ben Kilgore of CBRE’s Institutional Properties along with Patrick Gildea and Matt Smith in the Charlotte market to act as the seller’s exclusive advisors.Duke Medical Plaza is located adjacent to Research Triangle Park (‘RTP’). RTP, the largest research park in the nation, is a 7,000-acre vibrant hub for innovation and high-tech research, located at the center of the Research Triangle and anchored by three world-class research universities (Duke, UNC-Chapel Hill, NC State). The Class A, 60,192 square-foot single tenant facility is 100% occupied to the DukeHealth Integrated Practice (DHIP). DHIP is a wholly owned subsidiary of Duke University Health System (DUHS, colloquially ‘DukeHealth’), a dominant investment grade academic health system (Moody’s: Aa3). DHIP offers 14 clinical pediatric services including neurology, cardiology, endocrinology, gastroenterology, adolescent gynecology, oncology, rheumatology, nephrology, PT/OT/ST, pulmonary and on-site clinical laboratory and imaging.
DukeHealth also occupies 68,395 square feet within the adjacent 4825 Creekstone Drive for their administrative needs. The Property features a generous 4.92 per 1,000 SF parking ratio and has undergone significant recent capital improvements. DukeHealth has rapidly expanded within the Durham market in recent years to service the highly educated, affluent, and expanding population.
For more information, or if we can help with your healthcare real estate holdings, please contact us.
For more information, please contact:
Lee Asher
Vice Chairman
Investment Properties
+1 404 504 5965
Zack Holderman
Senior Vice President
Debt & Structured Finance
+1 858 337 9412
Jordan Selbiger
First Vice President
Investment Properties
+1 404 923 1259
Trent Jemmett
Senior Director
Investment Properties
+1 858 646 4740
Cole Reethof
Director
Investment Properties
+1 404 504 7864
Ben Kilgore
Executive Vice President
Institutional Properties
+1 919 831 8191
Patrick Gildea
Vice Chairman
Charlotte Market
+1 704 331 1217
Matt Smith
First Vice President
Charlotte Market
+1 704 331 1286
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
