Raleigh investment firm buys first downtown property, bets on post-pandemic office bump
Jan 21, 2021
// Triangle Business Journal
A burgeoning real estate investment group has made its first purchase in Raleigh by buying a historic office building in the heart of downtown.
On Tuesday, Raleigh-based
Edgewater Ventures closed on the $5.45 million purchase of 111 W. Hargett St. – known as the Martin building – and the firm is on the hunt for new tenants to fill the space.
Completed in 1951, the 2-story building features 31,000 square feet of creative office space plus a rooftop patio and plenty of storefront glass. The property sits on 0.3 acres on a block abutting Nash Square. The property has seen a string of renovations in the last five years.
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Edgewater Ventures is proud to welcome David Sloan to the team. Sloan is an Investment Associate on Edgewater's ABODE Communities team.
A multifamily community with hundreds of apartments and the community’s first build-for-rent homes are coming to Wendell Falls. The development partners closed on two deals — one with Chaucer Creek Capital LLC for the multifamily portion and one with Abode Communities of Edgewater Ventures for the build-for-rent portion.
Edgewater Ventures has converted an office building into a warehouse on 23rd Street in Wilmington. The 110,134 square foot building is now fully occupied after the developer signed leases for all 57,940 square feet of available space at 1519 N. 23rd Street.
