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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Two companies recently signed leases for a total of more than 305,000 square feet in Leland’s Edgewater Commerce Center.
Edgewater Ventures paid $25 million for 601 Keystone Park Drive in Morrisville, according to Durham County deed records. The acquisition was a joint venture with Optimum Asset Management, which has offices in Boston and Europe.
The first phase of Wilmington Trade Center, a master planned industrial park on U.S. 421, recently wrapped up, while work on the next phase is now underway.
