Documents
Attributes
| Year Built | 1995 |
| Building Area |
|
Property Description
The property features tremendous excess land optionality, allowing investors to harvest secure cash
flows from Wells Fargo’s tenancy and manufacture outsized returns through the redevelopment of
excess land in the future. Furthermore, the in-place lease features substantially below market rental
rates, which could be nearly tripled in the event Wells Fargo were to vacate the property and the
assets were released at market rates.
Investment Highlights
- Jones Lang LaSalle Americas, Inc. (“JLL)” has been retained as the exclusive sales representative for
- the Wells Fargo Corporate Center (the “Property,” “Campus,” or “Portfolio”), a 450,393 square foot
- (SF), Class A office campus located in the flourishing Raleigh-Durham market. The Campus offers
- a rare opportunity to acquire significant scale in one of the region’s premier business parks and
- establish a substantial foothold in one of the Country’s leading innovation markets. The property is
- 100% leased on a NNN basis to Wells Fargo (NYSE: WFC | Moody’s: Aa1 | S&P: A+), who has been in
- this location since 1996.
Ryan Clutter
Senior Managing Director, Carolinas Office Co-Head
License details
MD-645969
ND-172952
SC-6364
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