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Ferncroft Capital acquires office building in North Carolina

Private real estate investment firm, Ferncroft Capital, has acquired an office building in North Carolina, REBusinessOnline reported. The deal is valued at $29.9 million. The seller is real estate development and investment firm Grubb Properties, Inc. The property is a five storey, 65,444 square foot office building with tenants such as Charlotte Chamber of Commerce, Perkins & Will and Compass Bank. CBRE represented the seller on the transaction.

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Commercial real estate deals,Real estate deals,Real estate,Commercial real estate,office property