The seller was Buffalo-based Realmark Commercial LLC. GaryLyons, of Sperry Van Ness Commercial Real Estate Advisors'Raleigh-Durham office, represented SVN. Jonathan Jayson, of SperryVan Ness, represented the seller.

The property consists of three single-story buildings. Theproperties are a 120,000-sf building at 4900 Prospectus Dr., a50,371-sf building at 4915 Prospectus Dr. and a 48,206-sf buildingat 2300 Englert Dr. The property, which is currently 36% occupied,is close to Research Triangle Park.

SVN Equities president Burton Young says the acquisition meetsthe company's investment strategy for the Raleigh-Durham area."Corporate Park West is a strong investment for our company becauseit ideally matches the profile we have been pursuing in thismarket, including transaction size, product type, location andmarket dynamics," Young says. "This is a highly functional,competitive product in an outstanding location. Our immediateactions will focus on lease-up activities, which we're optimisticabout given the triangle's tightening rental market."