Properties
Hock Plaza II
Durham, NC
Hock Plaza II
Overview
Hock Plaza II, developed in 2006 to the highest institutional standards, is recognized as one of the top Class A buildings in the Triangle Metropolitan area. The Property is located adjacent to Duke Hospital and the Duke University campus, allowing it to function as an “on-campus” building and linking it to Duke-related uses well after their current leases. The property has 320 parking spaces in an attached parking garage.
Description
Hock Plaza II offers an incredible opportunity to continue building a presence on the Duke University campus. Next to Brickman’s Hock Plaza I, this premier office asset has an extremely limited risk profile with its long-term leases from a credit institution and its irreplaceable location. Duke University has located the office and staff of the Chief Financial Officer and Treasurer of Duke University Health System to the Property and plans to includes other key divisions of their Health network in this building’s tenancy. The building has excellent access to Durham Freeway, only a quarter mile to the north.
Results
Brickman believes it will see limited risk and stable cash flow for the long-term future as it capitalizes on the building’s Class A location and on the continuing growth of the Duke University campus.