Clear Path Asset Management (“Clear Path”), a real estate investment manager founded by Dan Magid, announced today the recent $9.250 million acquisition of 5520 Capital Center Drive, a single-tenant creative office building occupied by a highly reputable privately held software company in Raleigh, North Carolina.
“We are excited to add this high-quality asset to our Raleigh office portfolio,” said Adam Radcliffe, Vice President at Clear Path. “We believe Raleigh remains well positioned for continued growth and expansion driven by the area’s deep and talented workforce. With this latest acquisition, we’re adding a building that not only serves as a place for collaboration and creativity, but one that is also extremely well-located at the interchange of I-40 and I-440.”
This transaction marks Clear Path’s second Raleigh office acquisition, and ninth commercial real estate acquisition in the Carolinas.
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About the Recent Acquisition
5520 Capital Center Drive is an approximately 36k square foot single-tenant creative office built in 1993 and fully renovated in 2015. A highly reputable privately held software company occupies 100% of the property. The location at the interchange of I-40 and I-440 provides easy access to the greater Raleigh metro area.
