Berwind Property Group acquired WestChase Two and Three, two class A, five-story office buildings located in Raleigh, N.C.
The value of the transaction was not disclosed.
WestChase Two and Three are part of a three-building office park complex located at the intersection of Wade Avenue and Blue Ridge Road. WestChase Two (110,769 square feet) was built in 1989 and WestChase Three (100,878 square feet) was built in 1990.
WestChase Two and Three had a combined occupancy rate of 80 percent at the time of sale.
Ben Kilgore of CB Richard Ellis brokered the transaction.
Berwind Property Group Ltd. is a Philadelphia-based, privately held real estate investment company.
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