CBRE|Raleigh Announces New Mixed-Use Building at Venable Center in Downtown Durham
The Roxboro at Venable
| February 12, 2019
CBRE|Raleigh is pleased to announce the pre-leasing of downtown Durham’s newest building, The Roxboro at Venable Center. The building will be home to 202,000 square feet of Class A office and retail space and 200 luxury apartments, developed by Trinity Capital Advisors in partnership with Wheelock Street Capital and SLI Capital.
The Roxboro will be the premier feature of Venable Center, with eight floors of office space and ground floor retail. It will be home to numerous amenities, including a sky deck lounge, fitness center and conference center. Located at 464 Pettigrew Street, The Roxboro offers easy access and visibility to the Durham Freeway.
“We’ve worked hard with our partners to design and develop a building that complements Venable’s existing historic buildings while offering the modern design, flexibility, and amenities that innovative, growing companies need,” said Jeff Sheehan, Partner, Trinity Capital.
Venable Center is a historic and revitalized campus in Downtown Durham, situated at the intersection of South Roxboro Street and East Pettigrew Street. With a combination of office and lab space, the 87,000 square foot campus is currently home to the headquarters of Precision BioSciences.
CBRE|Raleigh’s Brad Corsmeier and John Brewer, with its Investor Leasing group, will be handling the leasing efforts for The Roxboro. The team has been responsible for Venable Center leasing since 2016, bringing the existing project to 100 percent occupancy.
CBRE|Raleigh is a CBRE office serving the Triangle region and is a joint venture between local principals and CBRE Group, Inc. The firm assists real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. In 2017, the Raleigh office completed $2.2 billion of sales and leasing transactions. Please visit our website at www.cbre.us/raleigh.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.us.