Description

Jones Lang LaSalle (“JLL”), a North Carolina licensed real estate broker, has been retained as the exclusive sales representative for the sale of the 6400 & 7000 Weston Parkway (the “Properties”, “Assets”), two single-tenant office assets located in Cary, NC. Measuring 415,948 square feet, the offering is entirely occupied by Verizon Communications Inc. (NYSE: VZ, S&P: BBB+), the world’s second-largest telecommunications company by revenue and the largest wireless carrier in the United States.

Conveniently located just off I-40 on Weston Parkway, the Properties allow for easy access to Research Triangle Park, Raleigh-Durham International Airport, and the greater

MSA. The site features 1,975 existing parking spaces in a structured garage on the 6400 Weston parcel, positioning the adjacent 9.5-acre surface lot at 7000 Weston as a prime redevelopment opportunity, along with several additional developable pads surrounding the parking deck, while still providing parking to office buildings at market parking ratios. With excellent accessibility and strong demographic fundamentals, Cary remains one of the Triangle MSA’s most sought-after development corridors, while high barriers to entry limit new supply.

The buildings were completely renovated recently, and offer trophy buildouts and an amenity package unrivaled anywhere in the market, including but not limited to cafe space, a best-in-class fitness center with locker rooms, abundant conferencing space, outdoor walking trails, and more.

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