Bull Realty Brokers $9.8 Million Office Building in Greensboro, NC

ATLANTA - March 20, 2015 - PRLog -- Bull Realty brokered the $9.8 million sale of a 168,500 sq ft Class A office building in Greensboro, NC located at 301 N. Elm St. The transaction closed on Feb. 27, 2015.

Located in the heart of Greensboro, North Carolina's central business district, 301 N. Elm St. is one of only seven Class A office buildings in the submarket.

“The building is well-positioned to take advantage of the improving Greensboro market, which was recently named by Forbes magazine as one of the fastest growing cities in the United States. This is a great acquisition for the buyer, a subsidiary of The Simpson Organization. They intend to take advantage of the upside potential and position the property to benefit from the overall improvements in the economy,” said Frank Meyrath, VP of Capital Markets for Bull Realty.

Greensboro has made a significant investment in its downtown district. Directly across from 301 N. Elm St. is a planned performing arts center which will be a big draw to the area. Overall, the metro area has a significant presence of distribution and transportation companies. Additionally, British-based Imperial Tobacco group recently chose Greensboro for its headquarters.

“This is the second disposition we handled for the seller,” said Meyrath. “After accepting the assignment, the marketing generated interest and offers from investors across the country and from Europe. Ultimately, the buyer was chosen on a number of factors including pricing and a history of successfully closed transactions.”

The seller recently completed significant improvements to the property with a complete reskinning of the building with a new exterior shell in 2014. According to Meyrath, the new look was well-received by tenants and the community.

Michael Bull said, “We are an Atlanta-based brokerage licensed in 9 states. We are pleased to have been chosen to market a Class A asset in North Carolina.”

Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services. The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show (www.CREshow.com). The popular weekly show is broadcast on 40 radio stations nationwide, iTunes, YouTube and CREshow.com. Info@BullRealty.com 404-876-1640