Office Space at The Dillon Now 50% Leased
Kane Realty Corporation and FCPSM are pleased to announce that office space at The Dillon is now 50% leased with a new 26,817-square-foot lease with Analog Devices (Nasdaq: ADI). The leading global high-performance analog technology company dedicated to solving the toughest engineering challenges will be taking the 14th floor at The Dillon, moving their Raleigh office to this location. Bob Van Wormer with Cushman & Wakefield represented Analog Devices in the lease transaction.
“We are extremely excited to have Analog Devices join FMI Corporation, Stewart Engineering and Spaces at The Dillon” said John Kane, CEO of Kane Realty Corporation. “We believe these businesses will benefit from the vibrant downtown Raleigh environment.”
The Dillon is an 18-story tower with 221,300 square feet of Class A office space, 270 apartment homes, covered parking and 52,000 square feet of coveted retail and restaurants in the center of Raleigh’s burgeoning Warehouse District. The landmark project makes up an entire 2.5-acre city block and sits adjacent to Union Station. The Dillon office building’s innovative design by renowned Duda|Paine Architects incorporates the character of the historic Dillon Supply building and surrounding Warehouse District; while providing state-of-the-art, efficient workspace.
The first office tenants at The Dillon moved into the building in June
ABOUT THE DILLON
The Dillon is the first mixed-use development of its kind in downtown Raleigh’s rapidly expanding, vibrant Warehouse District. The 18-story project includes 221,300 square feet of Class A office space, two seven-story apartment buildings with an adjoining parking deck, and dynamic street- and sky-level retail space. With a nod to its 100-year-old history, parts of the original Dillon Supply warehouse building have been preserved and reused in its new life. Learn more about The Dillon at TheDillonRaleigh.com.
ABOUT KANE REALTY CORPORATION
Kane Realty Corporation (KRC) is a full service real estate development and management company focused on office, retail, multi-family and mixed-use properties of the highest quality. Based in Raleigh, NC since 1978, KRC is dedicated to the goal of creating irresistible places where people will naturally want to gather. Through meticulous attention to detail in every aspect of the property from design and construction management to leasing and property management, Kane’s mission is to build places that improve the quality of life of their businesses, their employees, residents and visitors. For more information, please visit KaneRealtyCorp.com.
FCPSM is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit FCPDC.com.