The Triangle had close to $169 million in property sales recorded in February. The Lenovo campus in RTP sold for 127 million dollars.  The deal was a was a joint venture for partners Rubenstein Partners and  Grubb Properties which had paid only $26 million for the two office buildings in December 2013 after the buildings had sat vacant for three years. The campus was sold to Chicago real estate investor 90 North Real Estate Partners.

The Triangle market in January had $344 million in commercial real estate and apartment property sales following a record year of transaction in 2014 with $3.5 billion in major commercial property sales recorded.

(Source: TBJ 3/10/15)

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