HFF Announces $22M Sale of Nottingham Hall in Raleigh-Durham, North Carolina

12/4/17

Holliday Fenoglio Fowler, L.P. (HFF) announces the $22 million sale of Nottingham Hall, a 105,601-square-foot Class A office property in Raleigh-Durham, North Carolina.

The HFF team marketed the property on behalf of the seller, CapRidge Partners, LLC, and procured the buyer, Senior Housing Properties Trust. The property is now managed by The RMR Group, or RMR. Thus far in 2017, RMR-managed buildings have received 23 awards for excellence from organizations including the Building Owners and Managers Association (BOMA) and the U.S. Environmental Protection Agency (EPA).

Nottingham Hall is located at 4505 Emperor Boulevard within Imperial Center, one of Raleigh-Durham’s premier business parks. The property’s location in the Research Triangle Park/Interstate 40 (RTP/I-40) submarket is convenient to Raleigh’s primary residential nodes in Cary, West Raleigh and North Raleigh as well as being located close to the Raleigh-Durham International Airport and Research Triangle Park. Completed in 2001, the four-story Nottingham Hall is fully leased to 13 tenants, including Social and Scientific Systems, its largest tenant.

The HFF investment sales team representing the seller included senior managing director Ryan Clutter, senior director Scot Humphrey and director Chris Lingerfelt.

“Raleigh-Durham’s growing economy along with Nottingham Hall’s STEM-oriented tenant roster resulted in this being a highly sought-after opportunity,” commented Humphrey. “We expect these fundamental attributes will continue to attract more institutional capital to the region in the months ahead as employment growth across the region continues to be among the strongest in the country.”

Holliday GP Corp. ("HFF") is a North Carolina licensed real estate broker.

About Senior Housing Properties Trust
Senior Housing Properties Trust is a real estate investment trust, or REIT, which owns senior living communities, medical office buildings and wellness centers throughout the United States. SNH is managed by The RMR Group LLC, the majority owned operating subsidiary of The RMR Group Inc. and alternative asset management company that is headquartered in Newton, Massachusetts.

About The RMR Group

The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of September 30, 2017, The RMR Group LLC had approximately $28.5 billion of total assets under management, including more than 1,400 properties, and employed over 475 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had approximately 53,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.

About CapRidge Partners
CapRidge Partners is a fully integrated investment management and operating company focused on value-add office properties in nine select U.S. markets, including Raleigh. Their strategy is to acquire well-located assets, below replacement cost, that offer opportunities to add value by providing proactive management, delivering enhanced customer service, leasing to stabilized occupancies, marking-to-market expiring leases, and completing capital projects. Since 2012, CapRidge has purchased 24 office buildings.

About HFF

HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visithfflp.com or follow HFF on Twitter @HFF.

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