RALEIGH—The Lenovo Enterprise Campus just sold for $127 million. Affiliates of Philadelphia-based Rubenstein Partners and its partner Grubb Properties sold the 485,000 square-foot corporate office campus in North Carolina's Research Triangle Park to a joint venture between United Kingdom-based 90 North Real Estate Partners and Dubai-based Arzan Wealth.

Cushman & Wakefield represented the sellers. The deal closed about 15 months after Rubenstein and Grubb's acquisition of the then-vacant property, and less than a year after the partnership signed global PC manufacturer Lenovo to a long-term lease of the entire campus.

The Lenovo Enterprise Campus is in the heart of Research Triangle Park (RTP), one of the largest research parks in the world and home to many global technology companies. RTP is a $59 billion economic engine that supports over 50,000 employees and includes 22.5 million square feet of office, flex and light industrial space. The property has two, four-story buildings, originally developed by Ericsson.