Blackstone buys NC mixed-use asset for $273.5M – Triangle Business Journal

Blackstone Inc. purchased the West Village mixed-use asset in Durham, N.C., from limited liability companies tied to The Connor Group for $273.5 million, the Triangle Business Journal reported, citing deed records.

The asset comprises 608 apartment units, 110,648 square feet of retail and office space, a 459-space parking deck and a 1.193-acre development site currently used for surface parking.

The 11 properties in the transaction are at 600, 601, 605, 610, 614 and 700 W. Main St.; 602, 604 and 610 W. Morgan St.; 210 N Duke St.; and 115 Fuller St., according to the report.

Newmark brokered the transaction.