Federal Capital Partners® (FCP) and Strategic Capital Partners (SCP) have announced the 21,519 square foot expansion of Align Technology (NASDAQ: ALGN) as the company grows its original 60,000 square foot requirement at Forty540. The new building is a five-story, 200,000 square foot office development prominently located at 3030 Slater Road at the I40 and I540 intersection in the RTP/I40 submarket of Raleigh-Durham, NC. With Align Technology’s additional lease, Forty540 is now 41% leased with 102,303 square feet of contiguous upper floor space available and a 10,117 square foot first floor suite. Forty540 features a social hub with food options, a fitness center and outdoor seating areas and reached completion in April.
“We are delighted with Align Technology’s decision to expand further at Forty540,” said FCP Senior Vice President, Bryan Kane. Kane continued, “With the building’s recent completion, and Align Technology’s move-in, we are seeing strong interest in this very prominent and exceptionally located brand new product.”
“Align Technology is one of the most dynamic new businesses in Wake County and we are very pleased to be accommodating their growth at Forty540,” said SCP President, Richard Horn. “We look forward to their tenancy and are excited to be part of their plans in the Triangle.”
FCP and SCP extend their appreciation to CBRE│Raleigh’s Edward Pulliam and Brad Corsmeier 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