Raleigh, NC – January 29, 2015 - CBRE|Raleigh is pleased to announce Duke Realty Corporation has sold Regency Creek I at 12040 Regency Parkway in Cary, NC to Intercontinental Real Estate Corporation headquartered in Boston, Massachusetts.
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CBRE | Raleigh Announces Sale of Regency Creek I in Cary
1. P R E S S R E L E A S E
Part of the CBRE affiliate network
4208 Six Forks Road
Suite 1220
Raleigh, NC 27609
919 831 8200 Tel
919 856 2530 Fax
FOR IMMEDIATE RELEASE –
For more information:
Tom Fritsch Deb Thaxton
Managing Director Corporate Communications Director
CBRE|Raleigh CBRE|Hampton Roads
757.831.8200 757.490.3300
tom.fritsch@cbre-raleigh.com deb.thaxton@cbre-norfolk.com
CBRE|Raleigh Announces Sale of Regency Creek I in Cary
Raleigh, NC – January 29, 2015 - CBRE|Raleigh is pleased to announce Duke Realty
Corporation has sold Regency Creek I at 12040 Regency Parkway in Cary, NC to
Intercontinental Real Estate Corporation headquartered in Boston, Massachusetts.
Located in the Regency Park development, Regency Creek I is a 4-story, 122,087 SF Class A
office building built in 2007. The building is 100% leased and serves as the North American
headquarters for ABB, one of the world’s leaders in power and automation technology.
Regency Creek I is located within the Town of Cary, a town characterized by affluent
neighborhoods, excellent schools, and convenient access to major employers and recreational
amenities. Cary’s demographics are amongst the highest of any neighborhood in the
Southeast.
“The sale of Regency Creek I is a testament to the strength of Raleigh's overall economy and
the strong desire of Investment Capital to enter here. Investors want to be here,” said Ben
Kilgore, Vice President at CBRE|Raleigh. “The new owners have a quality asset with a strong
credit tenant base [in ABB and Riverbend] in the tightest and most product-constrained
submarket in the entire Triangle Region.”
Ben Kilgore and Jeff Glenn of CBRE|Raleigh represented Duke Realty Corporation in the
transaction.
2. CBRE Press Release
About CBRE | Raleigh
CBRE|Raleigh is a CBRE office serving the Triangle region and is a joint venture of local principles along with
CBRE Group, Inc. The firm assists real estate owners, investors and occupiers by offering strategic advice and
execution for property leasing and sales; property, facilities and project management; corporate services; debt and
equity financing; investment management; valuation and appraisal; research and investment strategy; and
consulting. In 2014, the Raleigh office completed $1.3 billion of sales and leasing transactions.
About CBRE in the Mid-South Region
CBRE is the only global real estate services firm with offices in Norfolk, Newport News, Richmond, Charlottesville,
and Fredericksburg, VA, and Raleigh and Greensboro, NC. These offices are collectively referred to as the Mid-
South region. The CBRE Mid-South offices (excluding Northern Virginia and Charlotte, NC offices) completed
$2.8 billion of sales and leasing transactions in 2014.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the
world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has
approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers
through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for
property sales and leasing; corporate services; property, facilities and project management; mortgage banking;
appraisal and valuation; development services; investment management; and research and consulting. Please visit
our website at www.cbre.com.