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Research Triangle Property Sells for $58.3M
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Research Triangle Property Sells for $58.3M
An affiliate of TPG Real Estate Partners sold The Press, a 250,000 square foot industrial complex in Cary, NC, for $58.3 million. Vigilant Real Estate Holdings was the buyer. Commercial Search reports the buyer also inked a $38.5 million acquisition loan from M&T Bank. Alloy Properties, the life science real estate platform owned by TPG Real Estate Partners, sold the fully leased property. Alloy paid $35.8 million for the property in 2021. The P…
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