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Atlanta & Southeast  + Southeast  + Office  |  December 4, 2019
David Cohen
By: David Cohen

Hem + Spire Acquires Historic 12-Story Raleigh Office Building

Hem + Spire LLC has acquired Capital Club, a 47,979-square-foot historic office building in Raleigh. The sales price was undisclosed.

The 12-story building was originally developed in 1930 by the Capital Club, a men’s literary and social organization founded in 1885. The building features some of the last remaining art-deco architecture and finishes in downtown Raleigh. Located at 16 W. Martin St. in downtown Raleigh, Capital Club is anchored by HQ Raleigh and Capital Club 16 Restaurant & Bar, which has served local area patrons for more than 10 years.

David Finger and Sara Owen of Cushman & Wakefield represented the seller, American Residential Investment Management, 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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