2530 Meridian

2530 Meridian is a four-story, suburban office building located in the Meridian Corporate Center office park in the South Durham submarket of Raleigh-Durham, NC.  The property 105,189 square foot building was built in 1999.  It is located one mile south of the Raleigh-Durham International Airport with immediate access to I-40 and I-540, the primary interstates serving the Raleigh, Durham, Chapel Hill area. The objective is to improve the property’s competitive position by implementing select strategic capital improvements and executing on significant mark-to-market opportunities on rental rates. The re-positioning of this property will result in a core asset with a 4-6 year investment horizon.

PROPERTY TYPE:

Office

STRATEGY:

Value-add

STATUS:

Sold

REGION:

Mideast