INVEST IN GROWTH. INVEST IN GLEN LENNOX.
Remaking a classic community to fit today’s urban needs.
A successful mid-century modern community in the heart of Chapel Hill, NC has been reimagined into a vibrant, mixed-use development that will serve 21st century needs. It’s opening in 2020 in one of the country’s highest-growth areas.
And you could be a part of it.
Seasoned developer Grubb Properties is calling for accredited investors who want to add to their portfolios while serving the high growth of North Carolina by investing in Glen Lennox. The Research Triangle – Raleigh, Durham and Chapel Hill, NC – has stayed near the top of the country’s population growth charts for decades. The new Glen Lennox enables that growth while retaining its historic, special character.
History
Glen Lennox, one of the first planned communities in the Southeast and the second-oldest shopping center in NORTH CAROLINA, has been a paragon of well-designed mixed-use living since 1950. The mid-century modern classic is considered one of that period’s great legacies.
You wouldn’t know it from within the 70 acres of tree-lined lanes, but Glen Lennox’s 1-mile proximity to downtown Chapel Hill and to the University of North Carolina, placement on a main transit line, and location at the nexus of primary regional arteries NC-54 and US 15-501 put it right in the heart of a new century’s development needs.
Help Build the Legacy.
Contact us to learn more.
The new Glen Lennox
Glen Lennox’s original modern design philosophy infuses the developers’ new vision, ensuring that the community still enables beautiful urban living for residents and responsible growth for North Carolina. Reimagined, it is again a thriving mix of businesses, restaurants and homes. The difference is scale.
The new Glen Lennox is the result of a visionary partnership between municipal, state and private organizations and local residents. It will provide 70 acres of integrated spaces for residents and enterprise alike. Plans for Phase 1 development include 215 apartment homes under Grubb Properties’ Link Apartments® brand, a parking garage, shared open space, and innovative Class-A office space for businesses large, small, or in between.
Walkable green spaces embody the development’s commitment to an integrated community character and to environmentally responsible practices, and buildings will adhere to National Green Building standards.
Grubb Properties has engaged Copenhagenize, a renowned bicycle-oriented urban design firm, to help make Glen Lennox the most bicycle-friendly community in the Carolinas and a national thought leader in mixed traffic design.
Invest in the vision. Contact us to learn more.
Chapel Hill and the Research Triangle
Grubb Properties has been a valuable partner in the recent growth of the Research Triangle, an innovation and technology hub of which Chapel Hill is a vertex. The region has high population growth; Chapel Hill’s next-door neighbor Carrboro now has the highest density of any town in
carrboro-has-the-highest-population-density-rate-in-nc
The area is home to multiple local universities, including Duke University and the University of North Carolina at Chapel Hill. Research Triangle Park is one of the largest research parks in the world. This vital mix has ensured that the region has the highest GDP and the largest number of PhDs per
in the U.S., and a median income of more than $80,000.Join the Evolution. Contact us today to learn more.
The Research Triangle’s population has grown
46%
since 2000.
About Grubb Properties
Grubb Properties is a 55-year-old real estate firm that has completed more than $2 billion in investment transactions over 25 years. The organization has been an owner and manager of Glen Lennox for more than 30 years, and company founder Robert Lay Grubb once called Glen Lennox home. We truly appreciate the history, character, and legacy of this important place. Grubb Properties’ clients include insurance companies, foundations, and high net-worth families, for whom it focuses on risk-managed returns through a disciplined investment process. Since 2002, on a weighted average basis, its 22 fully realized investments produced net IRRs north of 30% and an equity multiple of 2.29x, utilizing low leverage.
Contact us to learn more about the Glen Lennox project, and find out how we can help you invest in modernizing one of the Triangle’s most beloved communities.
“In 1909, Clay Grubb, Sr. built one of North Carolina’s landmark buildings. It is with great humility and honor that Grubb Properties continues to build on this legacy and work to improve our communities.”
- Clay Grubb, Grubb Properties CEO
"We all feel proud that we can contribute a verse to this chapter of the Glen Lennox story.”
- Tim Jezisek, Vice President of Development, Grubb Properties
Invest With Grubb.
Contact us today to learn more.