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

Attributes

Year Built 2000
Building Area
Occupancy 87.0 %

Property Description

Ideally positioned within The Crescent, one of the region’s top mixeduse parks, 1400 Crescent Green’s tenants and visitors benefit from direct access to the area’s top entertainment, retail, and lifestyle destinations, many within walking distance to the property, including a 130,000 SF Life Time Fitness club. The prestigious, wooded park environment is adjacent to the Koka Booth Amphitheater that hosts to frequent festivals and concerts, several miles of walking/jogging trails, and the 30- acre Symphony Lake. 1400 Crescent Green is strategically positioned between several of the region’s wealthiest neighborhoods, including MacGregor Downs, Lochmere, and Prestonwood Country Club, establishing the property as a convenient office location for many executives and local decision makers in the community. The Property boasts excellent access to WakeMed Hospital along with nearby retail, dining, and entertainment options, including Waverly Place and Crescent Commons, which feature establishments such as Whole Foods, Lifetime Fitness, Harris Teeter, Chick-fil-A, Starbucks, and Wal-Mart.

Investment Highlights

  • Jones Lang Lasalle, a North Carolina licensed real estate
  • broker (“JLL”), has been retained as the exclusive sales
  • representative for 1400 Crescent Green (the “Property”,
  • the “Asset”), a premier office asset totaling 50,070 SF
  • in the highly-coveted Raleigh-Durham market. The
  • property is currently 86.9% leased to a diverse and highly
  • dedicated tenant roster with long-term historical tenure
  • at the property. 1400 Crescent Green is ideally positioned
  • in the Cary submarket, one of Raleigh-Durham’s most
  • desired locations due to its central location, abundance of
  • amenities, proximity to decision maker communities, and
  • notable tenant base. The property benefits from a robust
  • amenity base of nearby retail, dining, and entertainment
  • options, including Waverly Place and Crescent Commons,
  • and enjoys additional on-site features such as covered
  • executive parking, storage spaces, and walking trails. 1400
  • Crescent Green presents investors with a rare opportunity
  • to acquire a well-maintained asset in the flourishing Cary
  • submarket with immediate upside potential through the
  • lease up of available space.
Christopher Lingerfelt
Christopher Lingerfelt
Senior Director, Capital Markets
License details
NC-286599
Ryan Clutter
Ryan Clutter
Senior Managing Director, Carolinas Office Co-Head
License details
MD-645969 ND-172952 SC-6364

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