The new tech hub for Downtown Raleigh (227 Fayetteville Street), which announced its first major tenant last week, has replaced local broker and property manager Empire Properties with Cassidy Turley, a national firm.
On Monday, LRC Properties made the announcement for the iconic Downtown Raleigh building, now being dubbed the new tech hub for the city after an $8 million renovation.
The new partnership with Cassidy Turley, who also represents 227 Fayetteville as property manager, reflects a strategic shift at LRC Properties to attract larger, national companies to Raleigh and provide a more cohesive partnership between the leasing and property management teams.
Having both management and leasing teams operated by the same firm will allow them to work together more effectively and ensure a quality, more responsive line of communication for the tenants at the property.
Cassidy Turley is a leading commercial real estate services provider with more than 60 offices nationwide.
“We enjoyed working with Empire Properties. They brought valuable local knowledge,” said Howard Lavitt, co-founder and a principal at LRC Properties. “Our new partner, Cassidy Turley, brings national relationships and can help us attract larger companies to Raleigh that will help grow the Capital and the economy in North Carolina.”
The 227 space plus the recent launch of HUB Raleigh – a shared office resource on Hillsborough Street – and decisions by Red Hat, NeoNova as well as Citrix ShareFile to locate downtown is giving Raleigh a lot of momentum.
Finishing touches are now being put on 227 Fayetteville building in readiness for the first tenant — a leading digital textbook platform, Vital Source, expected to move in before the end of the year.
