Palisades III

1501 Nowell Road, Raleigh, NC 27607

Property Information

  • For Lease $34.00/SF/YR
  • Property Type Office - General Office
  • Property Size 167,307 SF
  • Lot Size 5.32 Acre
  • Parking Spaces Avail. 667
  • Parking Ratio 3.99 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2021
  • Date Updated Sep 15, 2025

Description

Palisades III is a Class A office building totaling 167,307 square feet, situated on a 5.32-acre lot. Built in 2021, the property offers 667 parking spaces, with a parking ratio of 3.99 per 1,000 square feet, ensuring ample on-site parking for tenants and visitors. Designed to meet modern business needs, this property provides a contemporary environment suitable for a wide range of general office uses.

Positioned in Trinity Park, Palisades III benefits from a vibrant area with convenient amenities nearby. Dining options within walking distance include Bojangles', Wendy's, and Spring Rolls Asian Bistro and Sushi Bar. Hotels such as Four Points by Sheraton Raleigh Arena and Hyatt Place Raleigh West are less than a mile away, providing convenient accommodations for business travelers. Nearby fuel stations and parking facilities add further practicality to the location, while Cardinal Gibbons High School and other educational institutions are close by.

3 Spaces Available

4th Floor

Space Type

General Office

Lease Rate

$34.00/SF/YR

Total Space

33,746 SF

Floor

4

Divisible Space

33,746 - 33,746 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

5th Floor

Space Type

General Office

Lease Rate

$34.00/SF/YR

Total Space

33,637 SF

Floor

5

Divisible Space

33,637 - 33,637 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

6th Floor

Space Type

General Office

Lease Rate

$34.00/SF/YR

Total Space

25,298 SF

Floor

6

Divisible Space

25,298 - 25,298 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Conference Room

Fitness Center

Exterior Patio

Contacts

Lee Clyburn

CBRE

John Brewer

CBRE

Hastings Crockard Jones

CBRE

Location

Located at 1501 Nowell Road, Raleigh, NC 27607, this property is part of the Trinity Park neighborhood and Raleigh Durham market.

Contact Palisades III
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