Avison Young brokers sale of office building in Morrisville, NC6 Jun 2019
Yogi of Raleigh, Inc. diversifies with investment in Triangle-area office building
Greenville, SC – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has represented Yogi of Raleigh, Inc. in its acquisition of single- story office building in Morrisville, NC leased to DocuSource (a division of Data Papers).
Gary Lyons, a Senior Vice-President of capital markets in Avison Young’s Greenville office, was the exclusive representative for Yogi of Raleigh. The seller, HP-Slater Road, LLC, was represented by Covenant Commercial Realty. Built in 1996, the office building is located at 2800 Slater Road and comprises 24,942 square feet. It is home to DocuSource, a leader in high-end digital printing.
“It was a pleasure to work with Yogi of Raleigh owners Nim and Arvind Shah on their recent acquisition,” comments Lyons. “These gentlemen, who have a lengthy history in the hospitality industry, recently decided to diversify their real estate portfolio. They were able to utilize a 1031 tax-deferred exchange, as a result of the sale of one of their area hotels, to acquire the well-located asset on Slater Road.”
Lyons specializes in the marketing, disposition and acquisition of investment properties.
For further information/comment/photos:
Gary Lyons, Senior Vice-President, Capital Markets
Avison Young: 864.301.8384