Captrust Tower

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  • KBS Realty Acquires Iconic Building in Suburban Raleigh for $98.4M

    On January 31, a joint venture partnership between the Indianapolis-based real estate investment trust Duke Realty Corp. and the Raleigh-based real estate development firm Kane Realty Corp. sold the prestigious 17-story Captrust Tower in the city’s North Hills area. KBS Realty Advisors of Newport Beach, California acquired the approximately 300,000-square-foot property for $98.4 million, or nearly $326 per square foot. Developed in 2009, the LEED Gold-certified high-rise at 4208 Six Forks Road offers 275,630 square feet of office space, 26,813 square feet of retail space and a six-level parking deck. The property is 95 percent leased to 18 companies, including Captrust Financial Advisors, the American Board of Anesthesiology, CBRE, Regus, RBC Capital Markets, as well as other national and regional tenants.

    Raleigh Durham 09 February 2013 02:28
  • KBS Realty Advisors Acquires Top Raleigh Office Tower for $98.4M

    KBS Realty Advisors acquired Captrust Tower, a prestigious, 300,389-square-foot office and retail building in the North Hills area of Raleigh, N.C., for a reported $98.4 million.

    South 04 February 2013 14:48

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