SALE - 190 Oak Plaza Boulevard

March 20, 2013

An investment group led by the real estate development firm Carolina Investment Properties has closed on the acquisition of 190 Oak Plaza Boulevard in Winston-Salem. This property was recently leased by B/E Aerospace to house much of their corporate management and operations.

Robin Team, President of Lexington, NC based Carolina Investment Properties, formed an investment syndicate to purchase the facility leased by B/E Aerospace. Team commented, "our firm was presented the opportunity to purchase this truly Class-A facility that is leased by an industry leader in B/E Aerospace. This acquisition is a great chance for our firm and our investors to capitalize on an investment opportunity we don't always see in the local market."

The 90,000sf office building was previously owned as a joint venture led by Highwoods Properties. Renovated and leased in July 2012, B/E Aerospace continues to expand their presence in Winston-Salem, NC. Employing approximately 1,100 full-time workers, B/E Aerospace is an important economic presence in the local Forsyth County market.

Linville | Team Partners represented the buyers in the acqusition of 190 Oak Plaza and CB Richard Ellis represented the sellers. "We have been searching for the right properties for this investment group and are very pleased to have found the ideal opportunity in our local market," said Coleman Team of Linville | Team Partners. "The lease by an excellent company and industry leader, B/E Aerospace, combined with the quality of the building made for a perfect investment opportunity," Team commented.