Franklin Street Properties, a Massachusetts real estate firm, has bought Quintiles headquarters in Durham for $75.8 million.
The 259,531-square-foot, 10-story building was completed in 2009, and is entirely occupied by Quintiles.
The deal, which works out to about $292 a square foot, is the latest sign of investors strong appetite for trophy properties in the Triangle.
Durham's Hock Plaza I fetched a similar premium last year when Hines Global REIT paid $98.05 million for the 12-story office building, which includes 327,160 square feet.
Quintiles glass-and-concrete headquarters is the signature building in the Imperial Center off Interstate 40 at Page Road.
At night, it glows from within, lit by more than 3,000 lights.
It was developed by Tri-Properties.