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Dilweg Sells 4-Building Raleigh Portfolio to Continental Capital Partners

Bookmark and Share Durham, NC - October 15, 2014 -

The Dilweg Companies today announced the sale of four office buildings in Raleigh-Durham to Continental Capital Partners, a private real estate investment firm based in Virginia Beach, Va.

The four buildings total 278,050 square feet. Dilweg originally acquired these properties as part of a 12-building portfolio acquisition in August.

The portfolio includes Park Forty Plaza, a 122,311 SF building built in 1986 and located at 1000 Park Forty Plaza Drive; RDU Center II, a 61,616 SF building built in 1998 and located at 3131 RDU Center Drive and NorthPark I and II, 94,123 SF located at 11635 and 11640 North Park Drive and built in 1996 and 2000.

“Continental Capital Partners is going to be a great fit for these buildings,” said Anthony Dilweg, CEO of the Dilweg Companies. “The Raleigh-Durham office investment market has been very strong lately, and we felt this was a good time to exit this portion of the portfolio that we recently acquired.”

“We are very exciting about expanding our footprint in Raleigh-Durham,” said Jeremy McLendon, Managing Partner of Continental Capital Partners. “We are very bullish on this market and look forward to repositioning these assets.”

Press Contact

Contact: Kelsey Matson
Email: kmatson@dilweg.com
Phone: 919-401-5889