Press Releases

Hospitality Court Office Building Sold

RALEIGH, NC - February 8, 2017 - 7000 Hospitality Court, an investment property, was recently sold by NAI Carolantic Realty. Located in the Aerial Center Executive Park in Morrisville, the 13,400 square foot office building was 100% leased and traded for $2,445,000 at a 7.3% cap rate.

NAI Carolantic brokers Moss Withers, MBA and Jake Plotkin, CCIM represented the seller in the transaction. The buyers, Roy Lee Howell and Judy A. Howell, were represented by Doug Jacobs of Coldwell Banker Advantage.

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NAI Carolantic is the area’s leading commercial real estate firm with twenty brokers, a full-service property management division, as well as an experienced marketing and research division. Established in 1972, NAI Carolantic is a member firm of NAI Global, the world’s premier network of commercial real estate firms and one of the largest real estate service providers worldwide. NAI has over 6,700 real estate professionals in over 375 offices around the world with regional management, global infrastructure, best practices and technology to provide clients with consistent, quality results.