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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> |
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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= |
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> |
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==References== |
==References== |
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Revision as of 08:34, 17 October 2010
| Wachovia Capitol Center | |
|---|---|
 | |
| General information | |
| Status | Completed |
| Location | Fayetteville Street Raleigh, North Carolina, United States of America |
| Height | |
| Top floor | 121.92 m[1] |
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 550,979 square feet (51,187.6 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.
History
In 1999, DRA Advisors bought First Union Capitol Center.[2]
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.[3]
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.[2][4]
References
- ^ "Wachovia Capitol Center, Raleigh, U.S.A." Emporis. Retrieved 2010-09-23.
- ^ a b Jack Hagel, "Sale of Wachovia tower sets record," News & Observer, 2007-02-01.
- ^ Steve Cannon, "Wachovia's Departure from Raleigh, N.C., Building Adds to Downtown Emptiness," News & Observer, 2003-04-14.
- ^ Kalinoski, Gail (2007-02-02). "Raleigh's Wachovia Capitol Center Sells for $154M to Argus Realty". Commercial Property News. Retrieved 2010-09-23.
External links
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