A partnership between two California investment firms paid nearly $36.8 million for a Wells Fargo regional operating center in West Raleigh, according to Wake County property records.
An affiliate of Oaktree Capital Management and National Financial Realty acquired the 450,393-square-foot building as part of a 40-building portfolio of Wells Fargo leased properties. The two announced the $240 million deal earlier this month.
The largest chunk of the 3.4 million-square-foot portfolio is in North Carolina. It includes 8 buildings and 1.2 million square feet in Winston-Salem, Winterville, Burlington, Goldsboro and Smithfield.
All the buildings are leased long-term to Wells Fargo.