SouthCourt

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sale representative for SouthCourt (the “Property”), South Durham’s premier office building. Totaling 139,280 square feet, the Property is currently 38.3% leased to an attractive mix of tenants with remaining WALT of 4.0 years. With in-place rents approximately 12.3% below market, SouthCourt presents an attractive value-add offering with both leasing and mark-to-market upside.

SouthCourt provides the opportunity to own a one-of-a-kind infill asset featuring Class A construction, private tenant patios, and move-in-ready spec suites put into place by current ownership. Including the spec suite program, current ownership has contributed more than $4 million in capital enhancement projects to the Property over the past 3 years. In addition to these best-in-class building attributes, SouthCourt benefits from an ideal location in the rapidly densifying South Durham submarket, just minutes away from the city center. Robust multifamily and retail development within walking distance, including the University Hill mixed-use development which features 270 multifamily units and 65,000 SF of retail, have fostered an increasingly infill live-work-play environment in the immediate area, driving leasing velocity and long-term tailwinds at the Property. SouthCourt benefits from unparalleled access to the Hope Valley executive residential neighborhood, Duke University, Downtown Durham and Research Triangle Park, and appeals to a diverse tenant and employee base across the region.