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Creekstone 2 Office Properties in Durham, NC
Investment Highlights
- 4.5 miles to Raleigh-Durham International Airport
- Surrounded by high-demand amenities including Topgolf, Sheraton, Starbucks, and numerous dining options.
- Approximately 15 minutes to Downtown Durham and Downtown Cary
Executive Summary
Jones Lang LaSalle Americas, Inc. ("JLL") has been retained as the exclusive sales representative for Creekstone, two infill office buildings totaling 160,755 square feet in Raleigh-Durham. The assets boast over $2 million in recent capital improvements with a diverse tenant mix of national, regional, and local companies. Creekstone offers investors a compelling value-add opportunity to acquire office space directly adjacent to Research Triangle Park (RTP) at a significant discount to replacement cost.
The properties benefit from exceptional connectivity with direct access to Interstate 40 and Interstate 540, providing superior regional accessibility throughout Raleigh-Durham. Strategically positioned between the world-renowned Research Triangle Park and RDU International Airport, Creekstone sits within close proximity to transformative developments including HUB RTP and the proposed Triangle Mobility Hub—two major mixed-use projects located less than 10 minutes away. Creekstone provides inherent repositioning downside protection, as the assets' sit in a prime location on over 12 acres with CSD-C zoning, positioning them for potential alternative uses or redevelopment as leases naturally expire. This optionality enhances the risk-adjusted return profile while providing multiple value-creation pathways for investors.
The properties benefit from exceptional connectivity with direct access to Interstate 40 and Interstate 540, providing superior regional accessibility throughout Raleigh-Durham. Strategically positioned between the world-renowned Research Triangle Park and RDU International Airport, Creekstone sits within close proximity to transformative developments including HUB RTP and the proposed Triangle Mobility Hub—two major mixed-use projects located less than 10 minutes away. Creekstone provides inherent repositioning downside protection, as the assets' sit in a prime location on over 12 acres with CSD-C zoning, positioning them for potential alternative uses or redevelopment as leases naturally expire. This optionality enhances the risk-adjusted return profile while providing multiple value-creation pathways for investors.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 163,872 SF |
| Number of Properties | 2 | Total Land Area | 12.70 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 163,872 SF |
| Total Land Area | 12.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Willow Oak
4625 Creekstone Dr, Durham, NC 27703 |
Office | 89,392 SF | 1995 | - |
|
Sycamore
4601 Creekstone Dr, Durham, NC 27703 |
Office | 74,480 SF | 1997 | - |
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