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KBS Realty Buys Captrust Tower in Raleigh

Duke Realty Exits Ownership of 302,443-SF Office Bldg.
February 1, 2013
California-based KBS Realty Advisors purchased the 17-story Captrust Tower in Raleigh, NC.

Duke Realty Corp. and Kane Realty Corp. developed the 302,443-square-foot office and retail building at 4208 Six Forks Road in 2009. Kane will continue to own an interest in the development through a joint venture formed with KBS.

The LEED Gold certified structure consists of 275,630 square feet of office space and 26,813 square feet of retail space as well as a six-level parking deck. It is part of the 50-acre North Hills master planned project.

The tower is 95 percent occupied by 18 tenants including Captrust Financial Advisors, the American Board of Anesthesiology, Regus, RBC Capital Market, Kilpatrick Townsend & Stockton and PricewaterhouseCoopers LLP.

The price was not disclosed.

See CoStar COMPS #2665870 for more information.

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