DURHAM, NC – Oxford Properties Group has acquired Research Commons, a five-property office portfolio in Durham, NC, for $138 million.
Located at 79 TW Alexander Dr. in the largest dedicated research park in the country, Research Triangle Park, Research Commons is primarily occupied by life sciences and life sciences-adjacent companies. The property offers the opportunity to deliver additional life sciences space, based on the tenant roster, the location and the existing buildings' structural features.
JLL capital markets marketed the property on behalf of the seller, procured the buyer and closed the sale. JLL worked on behalf of the buyer to arrange $127.5 million in financing from United Overseas Bank Limited.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
