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Wells Fargo Capitol Center

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Status  Complete
Completed  June 1990
Floors  30
Top floor  121.92 m (400.0 ft)
Type  Retail/Office
Height  122 m
Opened  1991
Wells Fargo Capitol Center httpsuploadwikimediaorgwikipediacommonsthu
Former names  First Union Capitol Center, Wachovia Capitol Center
Address  150 Fayetteville Street Raleigh, NC 27601
Management  Spectrum Properties Management Company
Location  Fayetteville Street; Raleigh, North Carolina, United States of America
Floor area  544,482 sq ft (50,584.0 m2)
Similar  Two Hannover Square, PNC Plaza, One Progress Plaza, Montfort Hall, Joel Lane House

Wells fargo capitol center raleigh nc spectrum properties


Wells Fargo Capitol Center (formerly Wachovia Capitol Center and First Union Capitol Center) is a 30-story 121.92 m skyscraper at 150 Fayetteville Street in Raleigh, North Carolina with 544,482 square feet (50,584.0 m2) of space. Completed in 1990, it was one of the downtown Raleigh's two tallest buildings for nearly twenty years, and is currently third tallest.

Contents

Map of Wells Fargo Capitol Center, 150 Fayetteville St, Raleigh, NC 27601, USA

History

In 1999, DRA Advisors bought First Union Capitol Center.

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.

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.

As a result of six transactions, HighBrook Investors paid $42.74 million for 31.57 percent of Wells Fargo Capitol Center, whose ownership is a tenants in common structure. As of December 4, 2015, the building had 192,181 square feet (17,854.2 m2) of leasable space available, with 20,451 square feet (1,900.0 m2) more expected in 2016. Major tenants other than Wells Fargo included Brooks Pierce, Smith Anderson, BHDP Architecture and RM Source. Parker Poe had already left and Womble Carlyle Sandridge & Rice planned to move in 2016.

References

Wells Fargo Capitol Center Wikipedia


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