APRIL 10, 2019

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FCP and Strategic Capital Partners JV sells office building for $58m

by Released

FCP and Indianapolis-based Strategic Capital Partners have sold Forty540, a five-story, 200,000-square-foot office building in the RTP/I40 submarket of Raleigh-Durham, N.C., for $58.1 million.

FCP and SCP acquired the highly visible site in November 2015 and delivered the building in early 2017. Forty540 was 100 percent leased at the time of sale.

CBRE assisted with the lease representation of FCP and SCP and the buyer.

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