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{{orphan|date=October 2010}}
{{Infobox building
{{Infobox building
|name = Wachovia Capitol Center
|name = 150 Fayetteville
|image =
|image = Wells Fargo Building Raleigh.JPG
|caption =
|caption = 150 Fayetteville In Downtown Raleigh.
|former_names = First Union Capitol Center
|former_names = First Union Capitol Center, Wachovia Capitol Center, Wells Fargo Capitol Center
|completion_date = 1991
|completion_date = June 1990
|location = [[Fayetteville Street]]<br />[[Raleigh, North Carolina|Raleigh]], [[North Carolina]], <br />[[United States of America]]
|location = [[Fayetteville Street]]<br />[[Raleigh, North Carolina|Raleigh]], [[North Carolina]], <br />[[United States of America]]
|address = 150 Fayetteville Street <br> Raleigh, NC 27601
|coordinates =
|coordinates =
|top_floor = {{convert|121.92|m|ft|abbr=on}}<ref>{{cite web|url=http://www.emporis.com/application/?nav=building&lng=3&id=wachoviacapitolcenter-raleigh-nc-usa|title=Wachovia Capitol Center, Raleigh, U.S.A.|publisher=Emporis|accessdate=2010-09-23}}</ref>
|top_floor = {{convert|121.92|m|ft|abbr=on}}<ref>{{cite web|url=http://www.emporis.com/application/?nav=building&lng=3&id=wachoviacapitolcenter-raleigh-nc-usa|archive-url=https://archive.today/20120731024303/http://www.emporis.com/application/?nav=building&lng=3&id=wachoviacapitolcenter-raleigh-nc-usa|url-status=usurped|archive-date=July 31, 2012|title=Wachovia Capitol Center, Raleigh, U.S.A.|publisher=Emporis|accessdate=2010-09-23}}</ref>
|floor_count = 30
|floor_count = 30
|floor_area = {{convert|544482|sqft|m2|abbr=on}}
|building_type = Office
|building_type = Retail/Office
|status = Completed
|status = Completed
|architect =
|architect = Stevens & Wilkins
|main_contractor =
|main_contractor = McDevitt & Street
|management =
|management = Highwoods Properties
|references = <ref>{{cite web |url=http://www.wellsfargocapitolcenter.com/building_description.cfm |title=Project Description |publisher= Spectrum Properties |accessdate=June 21, 2012}}</ref>
}}
}}
'''Wachovia Capitol Center''' (formerly '''First Union Capitol Center''') is a 30-story 121.92 m [[skyscraper]] at 150 Fayetteville Street in [[Raleigh, North Carolina]] with {{convert|550979|sqft|m2}} of space. Completed in 1991, it was one of the downtown Raleigh's two tallest buildings for nearly twenty years, and is currently third tallest.
'''150 Fayetteville''' (formerly '''Wells Fargo Capitol Center''', '''Wachovia Capitol Center''' and '''First Union Capitol Center''') is a 30-story 121.92 m high-rise [[skyscraper]] at 150 Fayetteville Street in [[Raleigh, North Carolina]] with {{convert|544482|sqft|m2}} of space. Completed in 1990, it was one of the downtown Raleigh's two tallest buildings for nearly twenty years, and is currently third tallest.


==History==
==History==
[[File:View_of_wachovia_bank,_downtown_raleigh_-_panoramio.jpg|alt=|thumb|171x171px|Wachovia now Wells Fargo at night]]
⚫
In 1999, DRA Advisors bought First Union Capitol Center.<ref name=Hagel/>

⚫
In 1999, DRA Advisors bought First Union Capitol Center.<ref name="Hagel" />


After the merger of [[First Union Corporation|First Union]] and [[Wachovia]], Wachovia moved out of its 11-story {{convert|110000|sqft|m2}} building built in 1961.<ref>Steve Cannon, "Wachovia's Departure from Raleigh, N.C., Building Adds to Downtown Emptiness," ''News & Observer'', 2003-04-14.</ref>
After the merger of [[First Union Corporation|First Union]] and [[Wachovia]], Wachovia moved out of its 11-story {{convert|110000|sqft|m2}} building built in 1961.<ref>Steve Cannon, "Wachovia's Departure from Raleigh, N.C., Building Adds to Downtown Emptiness," ''News & Observer'', 2003-04-14.</ref>


On January 31, 2007, [[Argus Realty Investors LP]] of [[San Clemente, California]] paid $153.4 million for Wachovia Capitol Center and its parking deck, plus retail space across the street. The amount was the most ever paid for a [[Research Triangle|Triangle]] office building. At the time, Wachovia occupied {{convert|105788|sqft|m2}}, and other major tenants included [[Deloitte|Deloitte & Touche]], [[PwC|PriceWaterhouse Coopers]], [[Merrill Lynch]], and [[KPMG]], as well as the city's largest law firm Smith Anderson Blount.<ref name=Hagel>Jack Hagel, "Sale of Wachovia tower sets record," ''News & Observer'', 2007-02-01.</ref><ref>{{cite news|url=http://www.allbusiness.com/operations/facilities-commercial-real-estate/4419996-1.html|title=Raleigh's Wachovia Capitol Center Sells for $154M to Argus Realty|last=Kalinoski|first=Gail|work=Commercial Property News|date=2007-02-02|accessdate=2010-09-23}}</ref>
On January 31, 2007, [[Argus Realty Investors LP]] of [[San Clemente, California]] paid $153.4 million for Wachovia Capitol Center and its parking deck, plus retail space across the street. The amount was the most ever paid for a [[Research Triangle|Triangle]] office building. At the time, Wachovia occupied {{convert|105788|sqft|m2}}, and other major tenants included [[Deloitte|Deloitte & Touche]], [[PwC|PriceWaterhouse Coopers]], [[Merrill Lynch]], and [[KPMG]], as well as the city's largest law firm Smith Anderson Blount.<ref name=Hagel>Jack Hagel, "Sale of Wachovia tower sets record," ''News & Observer'', 2007-02-01.</ref><ref>{{cite news|url=http://www.allbusiness.com/operations/facilities-commercial-real-estate/4419996-1.html|title=Raleigh's Wachovia Capitol Center Sells for $154M to Argus Realty|last=Kalinoski|first=Gail|work=Commercial Property News|date=2007-02-02|accessdate=2010-09-23}}</ref>

As a result of six transactions, HighBrook Investors paid $42.74 million for 31.57 percent of Wells Fargo Capitol Center, whose ownership is a [[tenants in common]] structure. As of December 4, 2015, the building had {{convert|192181|sqft|m2}} of leasable space available, with {{convert|20451|sqft|m2}} more expected in 2016. Major tenants other than [[Wells Fargo]] included Brooks Pierce, Smith Anderson, BHDP Architecture and RM Source. Parker Poe had already left and [[Womble Carlyle Sandridge & Rice]] planned to move in 2016.<ref>{{cite news|url=http://www.newsobserver.com/news/business/real-estate-news/article50073180.html|title=New York firm acquires stake in Raleigh's Wells Fargo tower|last=Bracken|first=David|work=[[News & Observer]]|date=2015-12-16}}</ref>

== See also ==
* [[List of tallest buildings in Raleigh, North Carolina|List of tallest buildings in Raleigh]]


==References==
==References==
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==External links==
==External links==
{{Commons category inline}}


{{Wells Fargo}}
{{coord missing|North Carolina}}


{{coord|35.7787|-78.6396|region:US-NC_type:landmark|display=title}}
⚫
[[Category:Skyscrapers in Raleigh, North Carolina]]
⚫
[[Category:Office buildings in North Carolina]]


⚫
[[Category:Skyscraper office buildings in Raleigh, North Carolina]]
{{NorthCarolina-struct-stub}}
[[Category:Wells Fargo buildings]]
⚫
[[Category:Office buildings completed in 1990]]

Latest revision as of 15:22, 29 December 2024

150 Fayetteville
150 Fayetteville In Downtown Raleigh.
Map
Former namesFirst Union Capitol Center, Wachovia Capitol Center, Wells Fargo Capitol Center
General information
StatusCompleted
TypeRetail/Office
LocationFayetteville Street
Raleigh, North Carolina,
United States of America
Address150 Fayetteville Street
Raleigh, NC 27601
CompletedJune 1990
ManagementHighwoods Properties
Height
Top floor121.92 m (400.0 ft)[1]
Technical details
Floor count30
Floor area544,482 sq ft (50,584.0 m2)
Design and construction
Architect(s)Stevens & Wilkins
Main contractorMcDevitt & Street
References
[2]

150 Fayetteville (formerly Wells Fargo Capitol Center, Wachovia Capitol Center and First Union Capitol Center) is a 30-story 121.92 m high-rise skyscraper at 150 Fayetteville Street in Raleigh, North Carolina with 544,482 square feet (50,584.0 m2) of space. Completed in 1990, it was one of the downtown Raleigh's two tallest buildings for nearly twenty years, and is currently third tallest.

History

[edit]
Wachovia now Wells Fargo at night

In 1999, DRA Advisors bought First Union Capitol Center.[3]

After the merger of First Union and Wachovia, Wachovia moved out of its 11-story 110,000 square feet (10,000 m2) building built in 1961.[4]

On January 31, 2007, Argus Realty Investors LP of San Clemente, California paid $153.4 million for Wachovia Capitol Center and its parking deck, plus retail space across the street. The amount was the most ever paid for a Triangle office building. At the time, Wachovia occupied 105,788 square feet (9,828.0 m2), and other major tenants included Deloitte & Touche, PriceWaterhouse Coopers, Merrill Lynch, and KPMG, as well as the city's largest law firm Smith Anderson Blount.[3][5]

As a result of six transactions, HighBrook Investors paid $42.74 million for 31.57 percent of Wells Fargo Capitol Center, whose ownership is a tenants in common structure. As of December 4, 2015, the building had 192,181 square feet (17,854.2 m2) of leasable space available, with 20,451 square feet (1,900.0 m2) more expected in 2016. Major tenants other than Wells Fargo included Brooks Pierce, Smith Anderson, BHDP Architecture and RM Source. Parker Poe had already left and Womble Carlyle Sandridge & Rice planned to move in 2016.[6]

See also

[edit]

References

[edit]
  1. ^ "Wachovia Capitol Center, Raleigh, U.S.A." Emporis. Archived from the original on July 31, 2012. Retrieved 2010-09-23.
  2. ^ "Project Description". Spectrum Properties. Retrieved June 21, 2012.
  3. ^ a b Jack Hagel, "Sale of Wachovia tower sets record," News & Observer, 2007-02-01.
  4. ^ Steve Cannon, "Wachovia's Departure from Raleigh, N.C., Building Adds to Downtown Emptiness," News & Observer, 2003-04-14.
  5. ^ Kalinoski, Gail (2007-02-02). "Raleigh's Wachovia Capitol Center Sells for $154M to Argus Realty". Commercial Property News. Retrieved 2010-09-23.
  6. ^ Bracken, David (2015-12-16). "New York firm acquires stake in Raleigh's Wells Fargo tower". News & Observer.
[edit]

Media related to Wells Fargo Capitol Center at Wikimedia Commons

35°46′43″N 78°38′23″W / 35.7787°N 78.6396°W / 35.7787; -78.6396

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