Federal Capital Partners, a real estate company, and Strategic Capital Partners, a real estate investment company, signed Align Technology, a firm that designs and manufactures clear removable aligners, to lease 60,000 square feet at its Forty540, a 5-story, 200,000 square foot development in Raleigh-Durham, North Carolina.
According to the property owners, “with Align Technology taking a portion of the first and all of the second floors of the highly visible new building, the project is now 30% leased with 140,000 square feet of contiguous upper floor space still available. Forty540 features a social hub with dining options, a fitness center and outdoor seating areas and will deliver in March 2017.”
"FCP is excited to welcome Align Technology as the first tenant at Forty540, where they will enjoy a highly visible location in the Triangle's largest submarket," said FCP Senior Vice President, Bryan Kane. Kane continued, "We are confident technology and corporate tenants will continue to be attracted to the building due to its central location, amenities and efficient 41,000 square foot floorplates."
"SCP is delighted that Align Technology has chosen Forty540 for its Raleigh operations," said SCP President, Richard Horn. "We look forward to their occupancy and hope to be part of their continued growth in the Raleigh Durham metropolitan area."