Private investors last week paid $3 million for the 32,000 square foot Navigant building at Creedmoor Rd and US 70, known for its time-temperature display. Greg Sanchez, a partner in the
ownership, said the renovation is aiming for a LEED certification, but the details are still being worked out. Sanchez is also president of Durham commercial real estate services firm
Tri Properties, which will manage the building and conduct the
renovation.
A LEED certification could attract new tenants who are happy to pay a premium for green offices because of lower operating costs and a healthier environment. "A lot of tenants want to be in an energy-efficient building," Sanchez said.
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