CBRE Investment Management (CBRE IM) has acquired Park Point, a 663K SF life science campus at Research Triangle Park in North Carolina for $288M.
Starwood Capital Group sold the 95-acre campus, which encompasses five buildings at 4001 NC Highway 54, according to a report in the Triangle Business Journal.
The campus has pre-approval for an additional 2.2M SF of development, the Journal reported.
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