Press Releases

Kerala Capital Partners Acquires Carrboro Investment Property

RALEIGH, NC - February 10, 2017 - Kerala Capital Partners recently purchased the office building known as Sheryl-Mar South located at 521 S. Greensboro St. in Carrboro. The High Point-based real estate private equity firm bought the 23,532 square foot building for $6.05 million. The property is leased to the Frank Porter Graham Child Development Institute, a University of North Carolina at Chapel Hill research organization.

The investment adds to Kerala Capital Partners’ growing real estate portfolio in the Triangle. In 2016, the firm closed on a 50,000 square foot flex warehouse building on Kitty Hawk Drive in Morrisville.

NAI Carolantic brokers Hunt Wyche and Steve Stroud, SIOR represented the buyer on both transactions.

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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.