DURHAM, N.C., June 5, 2014 (GLOBE NEWSWIRE) -- Capital Square Realty Advisors, LLC announced today its Delaware Statutory Trust investment offering of a 112,340-square-foot flex building in Durham, N.C., has been fully subscribed by investors. The facility is 100 percent net leased to Reichhold Inc., a global chemical manufacturing company.
"This is a high quality flex building located within Imperial Center, a 465-acre business park with a number of jogging trails, fitness centers, hotels, restaurants and other amenities available to tenants and visitors," said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors. "This is the seventh DST offering we've had fully subscribed by investors, and we continue to see growth in demand throughout the country for 1031 exchange opportunities among real estate owners."
The Reichhold building is located at 1035 Swabia Court and is equipped with a heavy duty HVAC and electrical infrastructure, supported with a 500-kilowatt emergency generator and multiple roof-mounted exhaust fans able to accommodate biological and chemical lab use. Operating on five continents, Reichhold is the world's largest supplier of unsaturated polyester resins for composites and a leading supplier of coasting resins used in a wide variety of markets and applications. The property serves as the company's corporate headquarters and research and development facility.
"This building is well located within an extremely competitive market for office and laboratory space," said Yogi Singh, vice president of acquisitions with Capital Square. "Reichhold is joined at Imperial Center office park by a number of other high quality, blue chip tenants and is within three miles of Research Triangle Park."
About Capital Square Realty Advisors LLC
Capital Square Realty Advisors, LLC specializes in the creation and management of commercial real estate investment programs for Section 1031 exchange investors and discretionary (non-1031) investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive officer of Capital Square Realty Advisors, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including DST, tenant-in-common, numerous real estate funds, and multiple publicly registered non-traded real estate investment trusts.