Triangle Business Journal Pennybacker Capital Management has paid $46.75 million, or about $185.52/sf, for a 252,000-square-foot industrial property in Raleigh, N.C. The Austin, Texas, company, with offices in New York, Denver and Charlotte, N.C., acquired the building from New Market Strategies of Stuart, Fla. The property was built in 1967 on 19.79 acres at 3200 […]

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