Foundry expands near RTP with $18M office buy

Foundry Commercial has expanded its footprint in and around Research Triangle Park, buying the office building at 2530 Meridian Parkway for $17.9 million.

The real estate firm acquired the 104,400-square-foot facility from JPB Holdings. The Rochester, New York-based investor previously bought the building in 2015 for $15.2 million, with plans to upgrade its common area and landscaping.

The 20-year-old building had a vacancy rate of less than 10 percent in the third quarter, according to Triangle…

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!