NY firm behind $45M office sale near RDU
February 5, 2026
// TRIANGLE BUSINESS JOURNAL
A real estate investment company based in Maryland is selling off more assets in the Triangle.
Federal Capital Partners has sold the Forty540 II office building on the edge of Research Triangle Park for $45.5 million to a joint ownership between DRA Advisors of New York City and Raleigh-based Edgewater Ventures. The 5-story building is just south of the 40/540 interchange.
The sale comes weeks after Federal Capital sold a group of apartments and office buildings in Midtown Raleigh to Kane Realty Corp. for more than $70 million.
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