Barry Bowling

Executive Vice President, Director of Land Services

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Charter Square, 555 Fayetteville Street
Suite 800
Raleigh, NC 27601

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With more than 30 years of experience in commercial real estate, Barry is widely regarded as one of the most knowledgeable brokers in the market. As a Raleigh native, Barry has been actively involved in the rapid expansion of the Triangle area over the past few decades and has developed a keen awareness of market trends and development potential.

Early in his career, Barry worked for one of the largest development companies in the Southeast. His experience with the development side of the business gives him a unique perspective from which to advise his clients.

Barry joined CBRE | Raleigh in 1993 and now leads CBRE | Raleigh’s Land Services Group, a team of five experienced professionals that specialize in disposition, acquisition and advisory services for raw land, entitled land, improved residential lots, master-planned communities and redevelopment sites. The CBRE | Raleigh Land Services Group has represented some of the largest land transactions in the Triangle region and is consistently one of the top producing land teams in North Carolina. In 2022, Barry and the team completed $157M in sales. Recently, the team was recognized by the Triangle Business Journal’s Space Awards for representing the second largest transaction in the Triangle in 2022 for the sale of a 110-acre soon-to-be mixed-use campus in Morrisville; the second largest sale in 2020; the first and third largest sales in 2017; and the third largest sales in 2018 and 2015.

RECENTLY COMPLETED TRANSACTIONS

CLIENT/LOCATION	ASSET TYPE	ACREAGE	SALE PRICE
Narsingi Investors, Ltd. Narsingi Village, Hyderabad, India	Multifamily Residential Land	16.60	$65,865,840
Eli Lilly Company Parmer RTP, Moore Drive, Durham, NC	Industrial/R&D Land	110.00	$36,000,000
Research Triangle Foundation The Lab @ RTP, Durham, NC	Industrial/R&D Land	72.06	$20,500,000
Newland Communities/NASH Catawba River Assemblage, Rock Hill, SC	Recreational Land	1,808.00	$20,000,000
Bellwood Homeowner's Association Bellwood Drive, Raleigh, NC	Multifamily Residential Land	4.91	Undisclosed
Trinity Capital Advisors Eastgate540, Knightdale, NC	Industrial Building & Land	30.02	$14,300,000
Durham Partnership Group, LLC 411 S. Roxboro Street, Durham, NC	Mixed Use Land	4.18	$13,500,000
The Halle Companies Rock Quarry Road, Raleigh, NC	Mixed Use Residential Land	531.61	$10,500,000
Norfolk Southern NC Hwy. 42 & US Hwy. 70, Clayton, NC	Industrial Land	466.69	$9,000,000
First National Bank of Pennsylvania 1000 Ballena Circle, Cary, NC	Multifamily Units & Land	3.13	$8,000,000
Cornwallis RTP, LLC 2501 E. Cornwallis Road, Durham, NC	Industrial Land	101.49	$8,000,000
GlaxoSmithKline, LLC 3029 E. Cornwallis Road, Durham, NC	Industrial Land	104.61	$7,636,530
Doc Nichols Road, LLC Pickett Road & Garrett Road, Durham, NC	Single Family Residential Land	70.88	$7,130,000
General Electric T.W. Alexander Drive, Durham, NC	Industrial Land	48.27	$7,061,941
The Summit Church Capital Hill Drive, Raleigh, NC	Assembly Land	69.94	$6,850,000
Food Lion, LLC O'Kelly Chapel Road, Cary, NC	Mixed Use Land	22.91	$6,750,000
Mallinckrodt, Inc. 8701 & 8801 Durant Road, Raleigh, NC	Industrial Land	32.22	$6,500,000
Branaman Hasentree, Wake Forest, NC	Single Family Residential Land	65.23	$6,210,000

Team Overview

LSG Team Capabilities Brochure

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Providing acquisition, disposition and valuation services for developers, investors and landowners in and around the Triangle.

CBRE|Raleigh Land Services is comprised of six experienced professionals focused exclusively on land transactions, with a comprehensive ability to evaluate the highest and best use of land parcels. This team – backed by the resources of the world’s largest commercial real estate firm – consults developers, users, investors and landowners throughout the metro and outstate areas to assist in the disposition of all types of property. With over 80 years of combined experience, this market leading group sold 1,724 acres and represented 47 transactions in the Triangle area, totaling $157M in 2022.

“The team at CBRE|Raleigh were an invaluable resource for us on a deal we recently completed on a very complex property,” a representative of a regional bank said. “Their extensive knowledge of the local market, combined with their dedication to understanding our needs and to working with us as a partner, helped to bring us together with a buyer who was the right fit for the property and for us.”

Success Stories

"Carlton, Well, I think we got it done! I expect this one will live as the most time spent per dollar earned of any successful closing you've been involved with. Thanks for keeping after it to find an actual buyer. I have not looked back to see when CBRE first formally engaged in the effort but I'm sure it was more than 9 years ago we started working on this. For 15 acres at the end of the road it turned up about every conceivable obstacle a land transaction could imagine. I think all we lacked was a contaminated soil problem. The CBRE team did a good job understanding the market for our niche and finding most likely candidates. Thanks for helping us 'get her done.'"

"Chester, I want to thank you and the Raleigh CBRE team for your guidance and professionalism with the selling of our family farm. Not being familiar with large real estate transactions such as this one, I was rather overwhelmed at the daunting prospect of understanding the whole process. You and your team provided the most helpful direction and counsel at every step of the way and made me feel constantly reassured that we were working the best deal possible. I was impressed with your market knowledge and industry contacts that made the marketing to contracting to closing timeline surprisingly short."

"Barry, I’m not sure I can articulate the depth of my appreciation to you for what you did for our family. You were a perfect fit for each of us. Thank you so much for your patience and understanding. We’re not the easiest bunch to deal with, I imagine, but you handled and managed us so beautifully. We had unwavering trust in you. Your decency shines through! I don’t think I can find the words to express our gratitude to you. I believe it may have been Paul Snow in Chapel Hill who recommended that I contact you about selling mother’s property. It was truly the best recommendation I ever received."

“CBRE brokered a couple of very interesting deals that we worked together on in 2018. Their ability to place us in the exact situations in which we thrive was impeccable. We were able to go from contract to close on 700 acres in just about 100 days. CBRE’s outreach and guidance throughout the limited timeframe we were granted to contemplate these acquisitions was instrumental in our decision-making. We are grateful to have worked with the team at CBRE and look forward to more deals in the future.”

“Chester Allen and the Land Services team at CBRE were instrumental in closing several deals for us, totaling more than $16 million. Chester took the time to understand our mission, financial circumstances and property needs, and used that information to match us with properties that positioned us well to meet challenges linked to years of double-digit growth. Chester helped structure each deal to minimize development risk and counseled us towards efficient and effective diligence efforts, while helping us navigate requisite site plan approvals that were a condition of closing.”

“Barry Bowling represented extended family and me in selling the last acreage of an old family farm in the Wendell area. When we started this relationship in 2019, what I thought was going to be a simple process became very complicated when our property became part of a larger land purchase. Barry managed the entire process exceptionally well particularly the closing. His outstanding communication and negotiation skills with the buyer and other sellers kept this project on track. We would have never closed on this project without this advice and tireless efforts. We successfully sold our property in July of 2023. Barry's attention to details, transparency and professionalism was greatly appreciated. Without hesitation, I would give Barry the highest of recommendations.”