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In
acquiring this property, which encompasses nearly 700,000
square feet of space on 180 acres of land, FRI Investors positioned itself to play a major role in the fast-growing
I-85 corridor between Washington, D.C. and Atlanta. In addition,
this 1999 acquisition demonstrated FRI Investors'
ability to respond to a significantly different type of opportunity
from its other properties. FRI Investors has
implemented a strong marketing program to attract national
tenants and upgraded the common areas while converting the
building into a multi tenant facility. Located along I-85
and I-40 on the eastern side of Greensboro, Carolina Corporate
Center was previously owned by Lucent Technologies, which
remains a tenant together with General Dynamics, its largest
tenant. This attractive campus also houses offices of AT&T
and CitiCards, and includes approximately 60 acres of land
available for future development.
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