Press Releases

ABB North American Headquarters Building Sold to Local Investor

RALEIGH, NC - September 27, 2017 - The 305 Gregson Drive building located in Cary, NC was recently purchased by an investor for $13.174 million. The 62,000 square foot Class A office building is 100% leased to ABB, one of the world’s leading providers of transmission and distribution equipment for the power grid and renewable energy sources, including grid modernization (the “smart grid”). It is also a leader in automation products and process automation systems, providing both its power and automation customers with greater energy efficiency, grid reliability and industrial productivity. ABB operates in more than 100 countries employing approximately 136,000 people. The Cary location has been its North American headquarters location since 2009.

NAI Carolantic Broker, Moss Withers, SIOR, MBA represented the buyer, Cary Medical Plaza Associates, a local investor focusing on core assets in and around the Triangle. The seller was represented by Tri Properties.

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