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Sunday, December 29, 2013

Golden Belt for sale?

Posted by on Sun, Dec 29, 2013 at 2:12 PM

Rumors that Golden Belt in Durham is on the market appear to be true, according to an online newsletter by Cassidy Turley, a real estate firm. The first page of company's third-quarter newsletter states that "Supported by strong institutional investor interest in the Raleigh/Durham area, a number of investment properties will be out to market in the fourth quarter, including Golden Belt."

The INDY confirmed the rumor from an independent source unaffiliated with the real estate firm or the property.

A secure, non-public URL also indicates the property is for sale.

Scientific Properties owns Golden Belt, which sits on seven acres at East Main and Fayetteville Street.

Golden Belt is a renovated historic textile mill that includes apartment lofts, artist studios, art galleries, retail shops, the Durham VOICE newspaper, a yoga studio and the City of Durham's Neighborhood and Improvement Services Department, among other tenants. 

According to Golden Belt's website, about 10,000 square feet of space is vacant.

We will update this story throughout the week online and in the Jan. 2 print edition.

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