Office Space at The Dillon Now 100% Leased
Raleigh, NC (February 12, 2019) – Kane Realty Corporation and FCPSM are pleased to announce a new 5,729-square-foot office lease with Medable Inc., a leading app and analytics platform for healthcare. The company will be taking a suite on the 12th floor, bringing office space at The Dillon to 100% leased.
“We are pleased to add a healthcare technology company like Medable to the diverse office tenant mix at The Dillon,” said John Kane, CEO of Kane Realty Corporation. “We believe the successful office lease-up of The Dillon is a reflection of the vibrancy of this project and the exciting downtown Raleigh location.”
“This is an exciting time for Medable and marks a huge milestone for the company, its employees and clients who will all benefit from the opportunities this new office and geographic expansion presents,” said Medable CEO, Dr. Michelle Longmire. “Our new offices are an open, collaborative environment and office space with state-of-the-art facilities, to accommodate our rapid growth and leverage the area’s diverse high-technology talent pool.”
The Dillon is an 18-story tower with 221,300 square feet of Class A office space, 270 apartment homes, covered parking and 52,000 square feet of coveted retail and restaurants in the center of Raleigh’s burgeoning Warehouse District. The landmark project makes up an entire 2.5-acre city block and sits adjacent to Union Station. The Dillon office building’s innovative design by renowned Duda|Paine Architects incorporates the character of the historic Dillon Supply building and surrounding Warehouse District, while providing state-of-the-art, efficient workspace.
The first office tenants at The Dillon moved into the building in June 2018.
ABOUT THE DILLON
The Dillon is the first mixed-use development of its kind in downtown Raleigh’s rapidly expanding, vibrant Warehouse District. The 18-story project will include 220,000 square feet of Class A office space, two seven-story apartment buildings with an adjoining parking deck, and dynamic street-level retail space. With a nod to its 100-year-old history, parts of the original Dillon Supply warehouse building will be preserved and reused in its new life. Learn more about The Dillon at TheDillonRaleigh.com.
ABOUT KANE REALTY CORPORATION
Kane Realty Corporation (KRC) is a full service real estate development and management company focused on office, retail, multi-family and mixed-use properties of the highest quality. Based in Raleigh, NC since 1978, KRC is dedicated to the goal of creating irresistible places where people will naturally want to gather. Through meticulous attention to detail in every aspect of the property from design and construction management to leasing and property management, Kane’s mission is to build places that improve the quality of life of their businesses, their employees, residents and visitors. For more information, please visit KaneRealtyCorp.com.
ABOUT FEDERAL CAPITAL PARTNERS
Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $5.0 billion in assets since its founding in 1999. FCP invests in all asset classes and provides equity, preferred equity and structured debt investments for commercial and residential real estate. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its third investment fund, a recently closed commingled, discretionary fund targeted at real estate markets in the Eastern United States.