CHEVY CHASE, Md., Dec. 27, 2016 /PRNewswire/ -- Federal Capital
Partners® (FCP) and Strategic Capital Partners (SCP)
have signed Align Technology (NASDAQ:
ALGN) for 60,000 square feet at Forty540, a five-story,
200,000 square foot office development at the I40 and I540
intersection in the RTP/I40 submarket of Raleigh-Durham, NC. With Align Technology
taking a portion of the first and all of the second floors of the
highly visible new building, the project is now 30% leased with
140,000 square feet of contiguous upper floor space still
available. Forty540 features a social hub with dining options, a
fitness center and outdoor seating areas and will deliver in
March 2017.
"FCP is excited to welcome Align Technology as the first tenant
at Forty540, where they will enjoy a highly visible location in the
Triangle's largest submarket," said FCP Senior Vice President,
Bryan Kane. Kane continued, "We are
confident technology and corporate tenants will continue to be
attracted to the building due to its central location, amenities
and efficient 41,000 square foot floorplates."
"SCP is delighted that Align Technology has chosen Forty540 for
its Raleigh operations," said SCP
President, Richard Horn. He
continued, "We look forward to their occupancy and hope to be part
of their continued growth in the Raleigh
Durham metropolitan area."
FCP and SCP extend their appreciation to CBRE│Raleigh's
Edward Pulliam, Brad Corsmeier and Lee
Clyburn for their representation of the owners and to
Jason High, also of CBRE│Raleigh,
for his representation of the tenant.
About Strategic Capital Partners
Strategic Capital
Partners (SCP) is a privately held real estate company that has
invested in over $1.4 billion in
assets since 2006. SCP acquires or develops office,
industrial and mixed use properties. SCP is based in Indianapolis and is focused on real estate
investments in Raleigh,
Indianapolis, Cincinnati, Nashville and Northern Virginia.
About Federal Capital Partners
Federal Capital
Partners (FCP) is a privately held real estate investment company
that has invested in or financed more than $5.0 billion in assets since its founding in
1999. FCP invests in all asset classes and provides equity,
preferred equity and structured debt investments for commercial and
residential real estate. The firm, based in Chevy Chase, MD, owns and manages in excess of
$2.3 billion in assets. FCP is
currently investing its third investment fund, a recently closed
commingled, discretionary fund targeted at real estate markets on
the East Coast of the United
States. For further information on FCP, please visit
www.fcpdc.com.
Media Contact:
Karen Widmayer
KW Communications, LLC
karenwidmayerpr@gmail.com
301-661-1448
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SOURCE Federal Capital Partners