Durham Office Development Sells for $138M
Durham Innovation District’s first phase development sold as the Southeast’s largest office sale transaction since the beginning of the pandemic.
DURHAM, NC – Longfellow Real Estate Partners has acquired the 330,369-square-foot office development, Durham.ID from Bain Capital Real Estate in a $138 million transaction.
The transaction, completed by JLL on behalf of Bain Capital Real Estate, represents the Southeast’s largest office investment sale since the beginning of the COVID-19 pandemic.
Located at 200 and 300 Morris St. in downtown Durham, NC, the recently-constructed, two-building development features office space, planned, ground-floor retail and an adjacent eight-story, 1,225-space parking deck.
The property represents the first phase of the Durham Innovation District, a 1.8-million-square-foot development encompassing offices, laboratories, retail and residential space.
Durham.ID was constructed using smart technology, View Dynamic Glass and additional energy-saving features, resulting in LEED Gold certifications for both office buildings.
