Durham warehouse sold for $6.4 million
Triangle Business Journal
Monday, June 11, 2007 2:28:00 AM
A 186,000-square-foot warehouse in Durham's Imperial Business Center has been sold for $6.4 million.
Tampa's Meridian Development Group and New York-based Hudson Realty Capital purchased the building at 4400 Emperor Blvd in Durham. They formed a limited-liability corporation, Meridian-HRCF Emperor LLC, to complete the transaction.
California's Solectron Corp. , an electronics manufacturer, operates out of the facility, previously owned by TME Investments of Raleigh.
The building was purchased in 1984 for Nortel Networks . According to the Triangle Business Journal's most recent SPACE survey, the building was 100 percent occupied as of the first quarter of 2007.
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