5 & 47 National Way

Durham, NC

Acquired September 2021

At a Glance

Best-in-class biomanufacturing facilities, at an attractive going-in acquisition basis with downside protection.

Investment Rationale

  • The properties are located adjacent to Research Triangle Park, the largest dedicated scientific research park in the U.S. and the primary economic driver in the Raleigh-Durham area.

  • The properties are concentrated within two top growth segments within the broader life sciences sector; an established biopharmaceutical contract development and manufacturing organization (CDMO) providing drug development and biomanufacturing services and a fast-growing gene and cell-therapy company.

  • Raleigh-Durham is ranked the #1 market for real estate investment nationally by ULI (2021). It’s also one of the fastest growing large cities in the nation, adding 43 new residents per day.

Property Gallery


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