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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A


Last Updated Date 04 Jun 2020

Property Description


Investment Highlights

  • Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), is pleased to
  • offer for sale Twin Lakes South, a rare 5.77-acre development opportunity with flexibility
  • to pursue a myriad of development options, such as multifamily, condo, retail, office,
  • or medical office. Ideally situated within the heart of Cary, NC and located within Twin
  • Lakes Center, a 126,000 SF Wegmans-anchored retail center opening in summer 2020
  • (expected), this opportunity has invaluable proximity to the major employment hubs of
  • Research Triangle Park as well as Imperial Center Business Park as well as walkability
  • to surrounding retail establishments such as Starbucks, Jersey Mike’s, Anytime Fitness
  • and more. With this, the Twin Lakes South Site is well-positioned for many various types
  • of development in a luxurious submarket known for long term sustainability, high-end
  • demographics, excellent access to employers, and walkability to desirable lifestyle
  • amenities. With these factors, area multifamily rents have skyrocketed to over $1,500 in
  • nearby developments (The Aster, Trilogy Cary) and achieved record sale pricing. Home
  • prices in the area continue to soar as notable townhome developments are achieving
  • north of $375,000 on townhome sales and above $500,000 on single family property.
Sarah Godwin
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Hunter Barron
Hunter Barron
Senior Director, Capital Markets
License details
NC-259804 SC-96951

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