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DOMINION REALTY BREAKS GROUND ON NEW OFFICE BUILDING IN PNC ARENA DISTRICT

RALEIGH, N.C. — Dominion Realty Partners has begun developing Wade III, a four-story office building joining the existing Offices at Wade development in the PNC Arena district in west Raleigh. Dominion is seeking LEED-Gold certification for the project, which will include card access control systems, an outdoor plaza courtyard, underground parking, Wade park amenities, on-site management staff and an on-site restaurant. Dominion is partnering with Prudential Real Estate Investors on the 105,000-square-foot project. The project team includes architect Rule Joy Trammell + Rubio, general contractor Choate Construction, civil engineer Piedmont Land Design and leasing agent Avison Young. Regions Bank provided construction financing, and Dominion will provide on-site property management upon completion, which is slated for August 2015. The property is currently 25 percent pre-leased and building naming and signage rights are still available for the development.

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