The office buildings are located at 1225 and 1255 Crescent Green Drive within The Crescent, one of the Triangle region's top mixed-use parks. The office buildings are located at 1225 and 1255 Crescent Green Drive within The Crescent, one of the Triangle region's top mixed-use parks.

CARY, NC—Brokerage firm HFF reports the Crescent Lakeside I and II office buildings here have changed hands in a deal valued at $69 million.

The properties that total 254,796 square feet were sold by Crescent Lakeside LLC and acquired by New York-based investment firm HLM Realty LLC.

The office buildings are located at 1225 and 1255 Crescent Green Drive within The Crescent, one of the Triangle region's top mixed-use parks. The properties were developed by Capital Associates in partnership with Boddie-Noell Enterprises, as well as The Crescent business park. The urban-infill location in the Raleigh submarket provides the property with a market leading amenity base of entertainment, retail and lifestyle offerings, including the Koka Booth Amphitheater, several miles of walking/jogging trails and the 30-acre Symphony Lake. Crescent Lakeside I and II are situated at the confluence of the U.S. Route 1 and 64 interchange, two major Wake County transportation arties connecting Raleigh's urban core and the southwest suburbs of Apex, Holly Springs and Fuquay Varina.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.