US investor Longfellow Real Estate Partners has acquired a $138m (€152m) mixed-use development from Bain Capital Real Estate, the companies said in a joint statement.

Longfellow bought the Durham.ID asset at 200 and 300 Morris Street in downtown Durham, North Carolina.

The 330,369sqft office and retail development consist of two-buildings, ground-floor retail and an eight-story parking deck.

To read the digital edition of the latest IPE Real Assets magazine click here.