Hart Realty Advisers, LLC. announces the acquisition of an Office Building in Durham, North Carolina

SIMSBURY, CT / September 28, 2018 – Hart Realty Advisers, LLC, representing an institutional investor, acquired 2530 Meridian Parkway, an office building totaling 105,189 square feet located within the Meridian Corporate Center office park in Durham, North Carolina with financing being added simultaneously to the closing of the property.  The property was constructed in 1999 and is located one mile south of the Raleigh-Durham International Airport with immediate access to I-40 and I-540, the primary interstates serving the Raleigh, Durham, Chapel Hill area. The objective is to improve the property’s competitive position by implementing select capital improvements, raising the rent roll up to market level, and re-positioning the property to a core asset for sale.