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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
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 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F1569f688-dc62-4d2c-8a4e-78a0def0e711%2F98b33907-49ce-4e83-84cc-f8a561196f95" onerror="this.style.display='none'" alt="Franklin Park Image" style="object-fit: cover; width: 200px;" />
 Office 
 
 Franklin Park
 
 Chapel Hill, NC 
 By Avison Young

 <a href="/user/a8492ff9-0c3b-4f78-94fb-c18fad437a80" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Blake Thomas</a>
 
 Senior Vice President - Investment Advisory Group
 
 
 <a href="tel:(919) 635-8961" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(919) 635-8961</a>
 

 <a href="https://platform.reverecre.com/project/1569f688-dc62-4d2c-8a4e-78a0def0e711" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
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Avison Young offers a comprehensive suite of commercial real estate services, including transaction, management, financial and advisory services. We’ve designed our corporate structure to best serve our clients by enhancing collaboration across our organisation.

Whether you are a user/occupier or an owner/investor, Avison Young is organised to deliver truly integrated solutions to meet your unique needs.

Because we recognise that, for most occupiers, the property burden represents the second highest cost and tends to be the biggest contingent liability, we focus on helping occupiers create property and workplace solutions that improve performance, increase competitiveness, adapt to changing markets and provide the optimum workplace environment for their staff.

- Consulting Services, Facility Management, Occupier Project Management, Occupier Solutions, Occupier Valuation and Advisory Services, Tenant Representation, Transaction Management

We add value right through the property lifecycle, from acquisitions to disposals, in a wide variety of sectors including: offices, retail, industrial and alternative sectors.

Our collaborative approach means we gain a more intimate understanding of the needs of owners and investors.  As a result, we can provide customised advice that underpins intelligent and informed decisions.

Agency Leasing, Capital Markets, Consulting Services, Debt and Mortgage Services, Investment and Asset Management, Investor Project Management, Net Lease, Property Management, Valuation and Advisory Services

Flexible Solutions, Hospitality, Industrial, Multi-Family, Office, Retail

Associations and Nonprofits, Automotive Properties, Data Centers, Healthcare, Life Sciences, Private Equity, Project Management Specialty, Senior Housing, Sustainability

Unlock a prime Chapel Hill opportunity with two Franklin Street office buildings offering strong upside, an unbeatable location near UNC, and enduring long-term property value priced far below replacement cost.

Avison Young and Foundry Commercial are pleased to present a rare opportunity for local investors to acquire 1512 & 1516 Franklin Park – two high-quality office buildings located on Chapel Hill’s iconic Franklin Street. Together, the buildings total 50,390 square feet and sit on 4.67 beautifully maintained acres in one of the most desirable and supply-constrained areas in the Triangle. Currently 41.2% leased, this offering presents extraordinary upside through lease-up and hands-on asset management. As part of the Franklin Park Association – a detached land condominium – an incoming owner would control over 85% of the  – offering a rare level of control and flexibility for future decision-making. 

Tenants benefit from the landmark location and excellent visibility with monument signage on Franklin Street (23,000 vehicles per day), and a generous parking ratio of 3.4 spaces per 1,000 SF, including 20 covered, reserved spaces. The recent giveback of Suite 200 at the 1512 Building presents a valuable opportunity to accommodate a full-floor tenant or strategically demise the space to maximize absorption and attract a diverse tenant mix.

As land and construction costs continue to rise—and with limited new office development in Chapel Hill—

this is a unique chance to acquire two well-located assets at a price point well below current replacement

cost. For an investor seeking enhanced returns, stable long term value, and pride of ownership in a

premier Chapel Hill location, 1512 & 1516 Franklin Park offer a compelling investment in a market with

limited opportunities to secure a foothold.

Blake’s range of experience in the real estate industry over the last 20 years includes investment sales and leasing, development, finance, construction and engineering.

Blake serves as a Senior Vice President for the Investment Advisory Group in Raleigh, NC, specializing in the acquisition and disposition of investment and development properties, representing a variety of clients from high-net-worth investors and family offices to private equity funds and institutions. His focus includes office, industrial, medical office, and retail properties, with extensive experience in sale/leaseback and 1031 transactions.

Prior to joining Foundry Commercial, Blake worked in the Capital Markets Group at Avison Young, where he completed over $400m of investment sales transactions. Prior to Avison Young, he was with JLL in their Los Angeles office, representing nearly 4 million square feet of office, adaptive reuse, urban infill development and entertainment projects for a variety of institutional and private clients. Blake began his career at CH2M Hill (now Jacobs Engineering Group), managing a $250M vertical infrastructure development program for a local municipality, from site acquisition through start-up operations.

Outside of the office, Blake enjoys spending time with his wife Jennifer and their three young children in the mountains of Western North Carolina.

Senior Vice President - Investment Advisory Group