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Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Description

INFILL, 5.77-ACRE DEVELOPMENT OPPORTUNITY

Investment Highlights

  • Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), is pleased to
  • offer for sale Twin Lakes South, a rare 5.77-acre development opportunity with flexibility
  • to pursue a myriad of development options, such as multifamily, condo, retail, office,
  • or medical office. Ideally situated within the heart of Cary, NC and located within Twin
  • Lakes Center, a 126,000 SF Wegmans-anchored retail center opening in summer 2020
  • (expected), this opportunity has invaluable proximity to the major employment hubs of
  • Research Triangle Park as well as Imperial Center Business Park as well as walkability
  • to surrounding retail establishments such as Starbucks, Jersey Mike’s, Anytime Fitness
  • and more. With this, the Twin Lakes South Site is well-positioned for many various types
  • of development in a luxurious submarket known for long term sustainability, high-end
  • demographics, excellent access to employers, and walkability to desirable lifestyle
  • amenities. With these factors, area multifamily rents have skyrocketed to over $1,500 in
  • nearby developments (The Aster, Trilogy Cary) and achieved record sale pricing. Home
  • prices in the area continue to soar as notable townhome developments are achieving
  • north of $375,000 on townhome sales and above $500,000 on single family property.
Last Updated Date: 14 Sep 2020
Sarah Godwin
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Hunter Barron
Hunter Barron
Senior Director, Capital Markets
License details
NC-259804 SC-96951

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Last Updated Date: 14 Sep 2020

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