NAI Carolantic Realty in Association with Cassidy & Pinkard Colliers Arranges Sale of Crossroads Corporate Park in Cary, North Carolina

Raleigh, NC: NAI Carolantic Realty, in association with Cassidy & Pinkard Colliers, announced the sale of Crossroads Corporate Park, comprised of four Class A office buildings totaling 390,542 square feet and four development parcels totaling 16.63 acres in Cary, North Carolina. Jimmy Barnes, SIOR of NAI Carolantic Realty, and Paul Collins, Bill Collins, Drew Flood, Jud Ryan, and James Cassidy of Cassidy & Pinkard Colliers, represented the seller, Faison & Associates, LLC. Mayfield Gentry Realty Advisors, LLC purchased the property for $59 million.

Crossroads Corporate Park is an exlcusive, 133-acre master-planned business community located in North Carolina's Research Triangle Area, centrally located at the intersection of I-40, I-440 and US 1. At 97% leased to a diverse tenant roster, the existing buildings offer stable and escalating cash flow. The additional developable land is in a prime position to capitalize on the tremendous population and job growth in the region, ensuring significant investment upside.

State-of-the-Art-Offices Will Allow Leading Commercial Real Estate Firm to Better Serve Its Clients

NAI Carolantic Realty has recently relocated its corporate headquarters into new offices in the Glenwood Plaza Building. Located at 3605 Glenwood Avenue in Raleigh, the more than 11,000 square foot state-of-the-art office space will allow the firm to better serve its growing customer base in the Triangle and across North Carolina.

"Taking care of our clients is our top priority, and the new office space was designed with that in mind," said NAI Carolantic Realty Chairman Steve Stroud. "Our new offices have all of the amenities required to provide the highest level of service to our customers. And after more than 35 years of serving the greater Triangle region, we understand this market better than most and will always go above and beyond to meet the specialized needs of our clients."

NAI Carolantic Realty's exclusive affiliation with NAI Global, in conjunction with its affiliation with Hart Group International and all prominent professional societies, enables the Company to extend services to companies and investors both nationally and internationally.

"NAI Carolantic Realty continues to lead the way in providing innovative commercial real estate services to its growing customer portfolio in the Triangle and across North Carolina," said NAI Global President and Chief Executive Officer Jeffrey M. Finn. "Steve Stroud, Jimmy Barnes and the entire NAI Carolantic Realty team are to be commended for the quality of service and the attention to detail that they deliver in every transaction. Through hard work and dedication to its clients, NAI Carolantic Realty has become one of the leading firms in our global network."

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