A joint venture between The Simpson Organization and Harbert Management Corporation has acquired the Arbors office portfolio in Raleigh.
The complex, at the corner of Highwoods Boulevard and Atlantic Avenue, includes four buildings and a total of 256,510 square feet. The properties were 57 percent occupied at the time of sale last week.
The buyers paid $21 million, according to Wake County property records.
The sellers, affiliates of the New York firm BlackRock, paid $22 million for the four buildings in November 2010, according to property records.