Congratulations to David Divine and Rick Polley, who provided seller representation in the successful sale of a 28,321 square foot office building at 2625 Appliance Court in Raleigh, located just off of I-440 at Capital Boulevard. The property was sold to Florida-based government General Services Administration – “GSA” – property owners. The sale closed in February 2024.
The property was first acquired in 2014 for $1,974,000 – also brokered by David Divine.
Long-time tenant GSA renewed their lease in late 2022 for an additional 10 years. The site is home to the Military Entry Processing Station, known as “MEPS.”
A special shout out also goes to Property Manager Jennie Banco, our own in-house ‘APG MVP’, for overseeing improvements for the property after the renewal of the lease. These major renovations, interior and exterior, totaling $1.26MM will be completed in Q1 2024.
To learn more about APG Advisors, visit our website at www.apgcre.com and explore other available properties here.
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APG Capital Secures Long-term Tenant for High-Valu...
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APG Advisors Announces Key Promotions
APG Advisors is thrilled to announce the promotion of both David Batten and David Stroud, to Senior Vice President.
David Batten serves the great...
David Divine’s 20-Year Journey on the Sale of 650 ...
Congratulations to David Divine, SIOR, Director of Commercial Investment Sales, for representing the seller in the sale of 173 acres in Clayton. ...
Congratulations to Sherry Wilborn, Newly Elected t...
We’re thrilled to announce that APG’s Commercial Real Estate Advisor, Sherry Wilborn, serving Person County and surrounding areas, won her race l...
APG Capital Completes Successful Sale of Ace Plaza...
APG Capital is pleased to announce the successful sale of Ace Plaza, a 54,800-square-foot multi-tenant retail property anchored by Ace Hardware, ...
APG’s Commitment to Tackling Both Economic and Soc...
Jim Anthony of APG has long been at the forefront of addressing critical societal issues. In last year’s short-form documentary, produced by the ...