Thursday, January 08, 2009

Dilweg Turns Mold into Gold

Pantry buys instead of renting - Business - News & Observer

Here's the follow up to an earlier blog about the Merisel building that Dilweg bought twice. First for $3M then again for $1.2M. AD put about $5.5M in renovations according to the N&O then sold it to the Pantry for $8.5M recently.

It sold for $138/SF or 13% below the average office building sale in 2008.

Address: 305 Gregson Drive, Cary

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