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January 10, 2018  

NC Medical Offices Set Price Record

Harrison Street Real Estate Capital has paid Hines $141.9 million for a medical-office building in Durham, N.C., that’s fully occupied by Duke University under a long-term lease.The sale of the 327,000-square-foot Hock Plaza late last month set a new price record of $434/sf for offices in the Raleigh-Durham area. The initial annual yield for Harrison Street was just under 5%. The Chicago fund shop targets niche properties, including medical...

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