Clear Path Asset Management (“Clear Path”), a leading commercial real estate investment manager, announced the successful sale of a 36,000-square-foot single-tenant office property at 5520 Capital Center Drive, located near the I-40/I-440 interchange in Raleigh, NC.
“We are pleased to deliver another positive result for our investors,” said Dan Magid, Managing Principal of Clear Path. “The quality of this asset – including its prime location and exceptional interior – proved instrumental in achieving a successful outcome, even amidst significant challenges in the office sector.”
Adam Radcliffe, Principal at Clear Path, added, “Navigating hurdles like rising interest rates and an unexpected tenant lease termination required strategic problem-solving. These challenges made the successful outcome all the more rewarding.”
The property was sold to Plexus Corp (NASDAQ: “PLXS”), a global leader that specializes in serving customers in industries with highly complex products and demanding regulatory environments. Plexus currently has a nearby Raleigh office at 5511 Capital Center Drive.
Since its founding, Clear Path has acquired 10 high-quality commercial properties and continues to target investments in high-growth markets across the Carolinas.
