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Atlanta & Southeast  + Southeast  + Office  |  July 29, 2019
David Cohen
By: David Cohen

Preferred Office Properties Snags 300K-SF Office Tower in Raleigh

Atlanta-based Preferred Office Properties has acquired CAPTRUST Tower, a 16-story, 300,389-square-foot office tower in Midtown Raleigh. The sales price was not disclosed.

Built in 2010 by Kane Realty Corp. and Duke Realty, the property is fully-leased to a tenant roster that includes CAPTRUST Financial, PWC, Wells Fargo, Wasserman, Insight Global and Kilpatrick Townsend. Retail tenants on the ground floor include World of Beer, Cowfish and Yard House. The building was the first office tower to deliver in North Hills, which is known as Raleigh’s second CBD.

Ben Kilgore, Chandler Hawkins, Will Yowell and Patrick Gildea of CBRE represented the sellers, KBS Realty Advisors and Kane Realty, in the transaction.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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