1100 Crescent Green, Cary, NC 27518
Crescent Green is a three-building Class A office complex located in Cary NC, one of Raleigh’s most affluent neighborhoods. Crescent Green is currently 99% occupied with over 60% of the property leased through June 2013 to several credit tenants.
The Property sits on a 24.43 acre site, which was developed by Capital Associates in the late 1990s as part of The Crescent. The Crescent is a 138 acre masterplanned, mixed-use development complete with office, retail and residential components. The Crescent has a total of 460,000 square feet of office space including Crescent Green, which accounts for 248,832 square feet or 54%. The retail component of the mixed-use development is anchored by Harris Teeter and Walmart. Additionally, there is a fitness facility currently under construction. The development also includes the Crescent Arbor Apartments, an assisted living facility and several hotels.
Investment at a Glance
Location: Cary, NC
Property Type: Class A Office
Acquisition Date: January 31, 2007
Purchase Price: $48,140,000
No. of Buildings: 3
No. of Stories: 2
Square Footage: 248,832 SF
Leased Percentage (at the time of Acquisition): 99%