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| Rendering of planned Tower IV Offices, Raleigh, NC |
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| Travis Anderson |
The HFF team worked on behalf of the borrower, Kane Realty Corporation, in a joint
venture partnership with Lionstone Investments, to secure the construction loan
through Bank OZK.
Currently under construction and due for completion in 2020, Tower IV
will be a best-in-class, 18-story tower with 8,234 square feet of ground floor
retail as well as an eight-story, 880-space parking deck.
The 326,625 square
feet of office space located throughout 12 floors will feature typical
floorplates of 30,014 square feet and is already considerably preleased.
 |
| Roger Edwards |
Additionally, it is
a short drive from the Triangle area’s other demand drivers, including the
Research Triangle Park, Cary, Chapel Hill, downtown Raleigh and Durham.
The HFF debt placement team representing the borrower included senior
managing director Travis Anderson, senior director Roger Edwards,
and associate John Gavigan.
Kane Realty
Corporation is a vertically integrated commercial real estate firm providing
development, construction management, leasing, and property management
services.
Founded
in 1978, Kane Realty is the preeminent mixed-use developer in North Carolina,
developing over 6.5 million square feet since inception.
Kane’s
signature mixed-use property at North Hills (Raleigh, North Carolina), the
first true mixed-use property in the region, resulted in the emergence of
Raleigh’s Midtown district.
 |
| John Gavignan |
Lionstone Investments is a registered investment adviser subsidiary of Columbia
Management Investment Advisers, LLC.
For more information, please visit www.lionstoneinvestments.com.
For more information, please visit www.lionstoneinvestments.com.
CONTACTS:
TRAVIS ANDERSON
HFF Senior Managing Director
(704) 526-2800
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
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