Fund II
2605 Meridian Pkwy
Durham,
NC
Total Required Equity
$3,200,000
Asset type
Office
Investment Objective
Value Add
Realized IRR
16%
Hold Period
3 Years
Investment Date
February 2015
Investment Summary
2605 Meridian Parkway was a 73,446 square foot, Class A office building in the Raleigh-Durham (Research Triangle) market. The property was part of the Meridian Corporate Center, a master-planned multi-use business park that offered an array of amenities, including a full-service DoubleTree Hotel, a scenic lake, jogging trails, and well-manicured landscaping throughout. 2605 Meridian Parkway was within minutes from the Research Triangle Park, which was widely considered to be one of the premier business parks in the area.