JOINT VENTURE TO DEVELOP OFFICE TOWER IN RALEIGH, N.C.
RALEIGH, N.C. — Duke Realty and Raleigh based-Kane Realty are developing CAPTRUST Tower at North Hills, a 17-story, 302,400-square-foot mixed-use office tower in Raleigh. The building will feature 274,000 square feet of Class A office space and 28,400 square feet of retail space. Lead tenant, CAPTRUST Financial Advisors, will occupy 51,000 square feet. Additional tenants include Ogletree, Deakins, Nash, Smoak & Stewart law firm and CB Richard Ellis. Executed leases total more than 100,000 square feet. The building will be located in North Hills, a 100-acre mixed-use district, at Six Forks Rd. and Interstate 440. Feature restaurants and retail shops will inhabit the first floor. Completion is scheduled for the first quarter of 2009.