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.
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SOURCE Federal Capital Partners