North Hills Buzz

CAPTRUST Tower Groundbreaking

In case you missed it, the official groundbreaking ceremony for CAPTRUST Tower at North Hills took place on Tuesday. Over 200 people came to see Kane Realty, Duke Realty, CAPTRUST Financial Advisors and local officials broke ground on the 17-story mixed use development, which will offer 300,000 square feet of premium rentable office and retail space when it opens in fall 2009.

Key speakers at the event included:

• John Kane, CEO, Kane Realty Corp.
• Denny Oklak, CEO, Duke Realty
• The Honorable Charles Meeker, Mayor or Raleigh
• Harvey Schmitt, president, Greater Raleigh Chamber of Commerce
• Jeff Sheehan, senior vice president of Raleigh operations, Duke Realty Corporation

While we weren’t able to attend due to conflicting plans, please see below for a great picture of the groundbreaking:

From left: Jeff Sheehan, Duke Realty senior vice president of Raleigh operations; Andrew Kelton, Duke Realty executive vice president – East Region; J. Fielding Miller, CAPTRUST Financial Advisors founder and CEO; Denny Oklak, Duke Realty CEO; John Kane, Kane Realty chairman and CEO; Mike Smith, Kane Realty president and COO; Harvey Schmitt, Greater Raleigh Chamber of Commerce president and CEO; The Honorable Charles Meeker, mayor of Raleigh; Joe Bryan, chairman of the Wake County Board of Commissioners.

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Quick Facts about Captrust Tower at North Hills

In late January, Duke Realty Corp. began construction on what will be a 17-story mixed-use office building. Kane Realty will help Duke Realty develop the building. Here are a few facts about the building, which will be called Captrust Tower at North Hills.

Total size = 302,400 square feet

• 274,000 square feet for office space
• 28,400 square feet of rental space

Scheduled to open in mid-2009

First tenant = Captrust Financial Advisors (and the building will be named after them)

Other Tenants

• Ogletree, Deakins, Nas, Smoak & Stewart, PC - law firm
• CB Richard Ellis - commercial real estate brokerage firm

We have asked Duke Realty for an image of Captrust Tower and will post this as soon as we hear back from them.

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