Progress Energy Headquarters

  • Progress Energy Headquarters

Location: Raleigh, North Carolina

Investment Category: Office

Size: 356,000 SF

Value: $85,000,000

  • Provided off-balance sheet financing and lowest after-tax lease cost to NYSE power company
  • Financed with institutional debt
  • Sold to party with extensive real estate holdings under structure to absorb other taxable gains


Category: Credit Net Lease