University Biomed Center Trades to 1031 Buyer

Biomedical Partnership Center

RALEIGH, NC—CBC Flex Lab LLC recently sold the Biomedical Partnership Center, a 44,835-square-foot, recently constructed office flex/lab building here, to Flex III Subsidiary LLC, a Tennessee 1031 buyer. JLL Capital Markets and Capital Associates announced that it has closed the $17.675 million sale. The firm represented the seller, CBC Flex Lab LLC, and procured the buyer,

The Biomedical Partnership Center is located at 1001 William Moore Dr. on the Centennial Biomedical Campus of North Carolina State University, which is home to the College of Veterinary Medicine, one of the top ranked veterinary schools in the nation. The on-campus location can allow tenants’ use of University facilities and amenities, and opportunities for collaboration. Located on 2.6-acres at the corner of Blue Ridge Road and Hillsborough Street, the property has convenient access to Interstates 40 and 440, Highway 54 and RDU International Airport.