Redwood Capital Management

OlivePoint Capital and Redwood Capital Management have jointly acquired 3900 Paramount Parkway, a 220,000-square-foot Class A office building in Research Triangle Park, Raleigh-Durham. This strategic acquisition, noted for being fully leased to PPD (a Thermo Fisher Scientific subsidiary) with a corporate guarantee, represents a contrarian move against the current office market sentiment. The deal, reportedly at a discount, aligns with OlivePoint’s data-driven strategy of finding value in market dislocations, emphasizing stable cash flows from a high-credit tenant in a dynamic innovation hub.