Trinity Place is an office building with consistent market-leading occupancies. It provides tenants with immediate access to Interstate 40, the main thoroughfare between Raleigh and Durham, and is located just 10 minutes away from both the Raleigh-Durham International Airport and downtown Raleigh. The property is located in the West Raleigh submarket, which is historically one of the strongest-performing submarkets in the Triangle, an area comprising Raleigh, Durham and Chapel Hill. The office building was built in 2001 and has been institutionally-owned and operated since 2011. The building has been cared for exceptionally well, and very few capital improvements are expected to be needed during the hold period.
The Triangle is a highly desirable market, offering fast growth, a favorable business climate and attractive tax incentives. The area is expected to see population growth and job growth well in excess of the national average for the foreseeable future. The area’s highly educated populace, excellent universities and strong tradition of a growing bio-pharma industry are helping fuel that growth.