After 11 years of struggles and an $18.2 million write-down, Commercial Properties’ North Carolina TND is coming to life.

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Commercial Properties’ 5401 North TND in Raleigh got an important jumpstart when Baton Rouge real estate developer John Engquist stepped in to purchase the residential portion of the project.

In 2007, Commercial Properties Realty Trust acquired a nearly 400-acre tract of rolling farmland in Raleigh, North Carolina, near the intersection of two busy highways in the bustling corridor that ha…


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