Keystone sell Durham office building

 

Keystone sells Durham building for $12.3M

Triangle Business Journal - 5:33 PM EST Monday, December 11, 2006

Morrisville real estate developer Keystone Corp. has sold a 77,000-square-foot office building to California company for $12.3 million.

Keystone said Monday that Pasadena-based Alexandria Real Estate Equities Inc. (NYSE: ARE) has agreed to purchase a building located in Keystone Park off Davis Drive in Durham.

The building contains 77,395 square feet of single-story research and development office space. The building was constructed in 2002 and the purchase includes nearly seven acres of land. Currently, it is 79 percent occupied.

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