Prudent Growth Buys $2.1 Million Flex Building in Fuquay-Varina, NC

Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed a $2.1 million transaction to purchase a 24,000 industrial flex building in Fuquay-Varina, NC. The building is fully leased with several established local businesses, including All My Sons Moving and Triangle Tile & Marble. "We continue to be attracted to the southern Wake County areas, such as Fuquay-Varina,” said Tom Hahn, President of PGP. "This property really made sense to us from a long-term growth standpoint, and is located less than 3 miles from a future I-540 interchange between Garner and Fuquay." Prudent Growth Partners, based in Chapel Hill, NC, acquires garden style apartment com

Suburban Office Assets Might Be a Good Bet

We came across an interesting story on the National Real Estate Investor site which summarized a recent report on suburban office buildings. This is an asset class that we really like: class B suburban buildings in great locations, which typically rent for much less than the newer, downtown office buildings. They also tend to provide a more convenient commute, ample parking, and easy access to regional transportation. From the article: As this real estate cycle matures, suburban office markets are showing greater promise. They offer more favorable pricing than many urban markets, while at the same time experiencing continued job growth, limited new supply, positive net absorption and in-migr

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    Prudent Growth Partners, LLC  (2017)    1829 E. Franklin St, Suite 800-F, Chapel Hill, NC 27514  (919) 590-4119