CBRE is pleased to announce the sale of Charter Square at 555 Fayetteville Street in downtown Raleigh to Highwoods Properties, Inc. based out of Raleigh, NC. Will Yowell and Jay O’Meara with CBRE, Inc. in Atlanta and Ben Kilgore with CBRE|Raleigh exclusively led the sale on behalf of the sellers, a joint venture between Dominion Realty Partners (Raleigh, NC) and a global real estate investment manager.

The newest trophy tower in downtown Raleigh, Charter Square opened in June 2015. Sitting highly visible in downtown Raleigh, the 243,106-sq.-ft., Class A office tower has attracted attention due to its LEED Platinum designation, awarded earlier this year. This designation is the most prestigious that only one other office tower in the Southeast can claim.

Charter Square provides an ideal investment opportunity with its strong tenancy and lease-up potential,” said Yowell. “With approximately 50% of the building leased at delivery, Charter Square experienced strong leasing momentum in its first 12 months leaving it currently 70% leased to 14 high-quality tenants.”

On top of Charter Square’s unique design and features, its location offers tenants unrivaled access to on-site and walkable amenities. The ground floor of the building is home to three restaurants, which include b.good, Living Kitchen and The Haymaker. There are also more than 200 restaurants, retail shops, banks and hotels within a five-minute walk. Other on-site amenities include 24/7 security and structured parking.

Charter Square’s Raleigh address places it in a fundamentally strong economy. Raleigh is the top performing CBD in Southeast with a 7.9% direct vacancy resulting in 23% increase in market rents since 2013. The market is seeing even more expansion as it is anchored by 3 Tier-1 Research Universities, with Raleigh being recently ranked the top “hot spot” for tech start-ups (outside Silicon Valley and San Francisco) according to a recent report by moving blog SelfStorage.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.