Posted on June 19, 2006

THE NEWS & OBSERVER


CARY, NC - Crown West Realty paid $13 million for the 112,000-square-foot office building that was once the headquarters for Specrasite Communications before that company was acquired last year.

The building, at 400 Regency Forest Drive, is Crown West's second Triangle acquisition.

The Spokane, Wash., group this year also bought Gateway Center I and II -- an office and flex building totaling 145,000 square feet in Morrisville -- from Duke Realty for $17.3 million.