RALEIGH, NC-GrayCo Inc. has acquired Woodfield Glen, a 233-unit apartment complex located on Glenwood Avenue in north Raleigh, for $28.5 million. Woodfield Investments was the seller of the property, which was 95% occupied in March 2011.
Woodfield Investments plans to construct a 255-unit high-end apartment building called Creekstone Apartments on a 15.8-acre Research Triangle Park site that it intends to purchase from GlaxoSmithkline. The company is seeking for the Durham city approval. For the full story, go to Triangle Business Journal .
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