Durham, NC (September 18, 2019) – Sands Investment Group announced closing on a 67,413 square foot office / industrial flex facility leased and operated by Almac Group Limited in Durham, NC since 2008. This property is strategically located in Durham, which is known as “The City of Medicine” and is home to more than 300 medical and pharmaceutical research companies. Read more
An industrial gross lease (also called a modified gross lease in some markets) is a type of commercial real estate contract that is often used to create a mutually beneficial deal between the property owner and the tenant on an industrial or warehouse property. In an industrial gross lease, the tenant is responsible for some (but not all) of the operating expenses of the property, which they pay to the property owner in addition to their agreed upon monthly rent.