Case Study

Raleigh Portfolio

West Raleigh submarket
624K size
172M at purchase
231M upon sale

Corporate Expertise

Positioned in the heart of NC State University’s (“NCSU”) Centennial Research Campus, Centennial Research Row is occupied by a variety of private and public sector tenants engaged in programmatic collaboration with numerous NCSU academic programs, resulting in an especially sticky tenant base. The campus further benefits from extremely high barriers to entry, in part due to NCSU owning all the developable land surrounding the campus.

Investment Acumen

Parkway’s acquisition of the Centennial Campus was driven by a university market thesis we’ve pursued with one of our major institutional partners, a global private equity firm.

View how our strategic plan was successful in selling the assets in less than two years with a 44% net levered IRR.