HFF announces the sale of Regional Commerce Center, a 46-building, 1.2 million-square-foot, multi-tenant warehouse complex in Durham, North Carolina.

The HFF team represented the seller, Dilweg Companies. Scannell Properties purchased the asset.

Originally developed in 1929, Regional Commerce Center operated as tobacco drying warehouses for the American Tobacco Company until 2005. The majority of buildings have either 150-foot lengths and 155-foot depths or 115-foot lengths and 160-foot depths with 14- to 16-foot clear heights and variable column spacing with wood or metal beams, depending on the building. Situated on 64.45 acres at 706 Ellis Road, Regional Commerce Center is in an infill location in the heart of the Raleigh-Durham Industrial market two miles between downtown Durham and Research Triangle Park. The center is adjacent to the Durham Freeway (Highway 147), which allows connectivity to Interstates 40 and 85. Additionally, the eastern boundary of the property is adjacent to an inactive CSX rail spur that can be repaired and reactivated for future use.

The HFF investment advisory team representing the seller consisted of senior managing director Chris Norvell, managing director Justin Good and director Patrick Nally.

Holliday GP Corp. (“HFF”) is a North Carolina licensed real estate broker.

About Dilweg Companies

The Dilweg Companies is a full-service commercial real estate investment firm based in Durham, North Carolina. Since its launch in 1999, Dilweg has gained broad experience in the acquisition, development and operation of office, retail, warehouse/flex, multifamily and self-storage properties. Dilweg’s investors have sponsored over $1.2 billion in assets and more than 10.7 million square feet throughout North Carolina, South Carolina, Virginia and Georgia. For more information, please call (919) 402-9100 or go to www.dilweg.com.

About Scannell Properties

Scannell Properties is a privately owned real estate development and investment company that has completed development projects in 44 states and three Canadian provinces focusing on both build-to-suit and speculative development. Scannell’s history of successful commercial real estate development projects over the past 25 years can be attributed to their experienced leadership, internal expertise, client-focused relationships and fiscal responsibility. For more information, visit http://www.scannellproperties.com.

About HFF

HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.