Prudent Growth Partners has acquired a Greensboro, North Carolina-based office building. The purchase price is $3.69 million. The building is 100 percent occupied and anchored by tenants specializing in therapeutic services and behavioral health.
CHAPEL HILL, N.C. (PRWEB) AUGUST 05, 2021
Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed its $3.69 million acquisition of a 28,000 square foot office building located at 4160 Piedmont Parkway in Greensboro, NC.
The building, 100% occupied and anchored by tenants specializing in therapeutic services and behavioral health, is located in a prominent business park just minutes from the Piedmont Triad Airport.
“We think that this is a great office purchase for PGP,” said Tom Hahn, President of Prudent Growth Partners. “The property has undergone an extensive renovation and has a nice set of medical and business tenants.”
This is PGP’s second acquisition in the past week, following on the heels of its purchase of the Savannah Crossing shopping center in Georgia. Both properties are also being added to the portfolio of the newly launched Prudent Growth Fund I, LLC.
The property will be managed by Prudent Growth Operations, LLC, a management company affiliated with Prudent Growth Partners, LLC.
Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and which provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.