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Duke, Kane Start 302,400-SF Mixed-Use Asset

RALEIGH, NC-More than 100,000 sf of leases have been signed for the project, including a 51,000-sf lease by Captrust Financial Advisors.

By Natalie Keith | Updated on January 24, 2008

RALEIGH, NC-Construction has started on a 17-story, 302,400-sf mixed-use project at Six Forks Road and Interstate 440 in the North Hills district of the city’s Midtown area. It is being developed by Indianapolis-based Duke Realty Corp. and locally based Kane Realty Corp.

The development, which will be called Captrust Tower at North Hills, will include 274,000 sf of office and 28,400 sf of retail. The project, which is expected to be completed in summer 2009, will feature restaurants and retail shops on the first floor and parking. The development price was unavailable by GlobeSt.com’s deadline.

The building’s first tenant will be investment advisory and research firm Captrust Financial Advisors, which will move its headquarters into 51,000 sf at the building. Other signed tenants for the project are law firm Ogletree, Deakins, Nash, Smoak & Stewart, PC and real estate firm CB Richard Ellis. Signed leases total more than 100,000 sf.

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