Concourse Lakeside I & II are two Class A office buildings totaling 156,067 square feet in the thriving Raleigh-Durham market. Currently, the property is 56% leased to an appealing mix of tenants, with a weighted average lease term (WALT) of 1.19 years remaining. Concourse Lakeside enjoys direct access to Interstate 40 and Interstate 540, providing excellent connectivity to the surrounding Raleigh-Durham metropolitan area.
The asset is situated in one of Raleigh-Durham’s premier submarkets, the RTP/I-40 submarket, and is conveniently located near the world-renowned Research Triangle Park and RDU International Airport. The mixed-use development in the RTP/I-40 submarket has enhanced the infill location of Concourse Lakeside as the surrounding amenities grow, reflecting the continued demand for investment opportunities in Class A office assets.
Concourse Lakeside represents a unique opportunity to invest in a portfolio offering near- term upside potential at a price well below replacement cost in the highly desirable RTP/I-40 submarket of Raleigh-Durham.