Raleigh Time!


by Marc DeLuca

KBS has made a significant investment in one of the most dynamic live-work-play markets in the U.S. — Raleigh, North Carolina.   Our presence in this market includes the following office properties:  CapTrust Tower (300,389 SF), the recently built Bank of America Tower (299,767 SF), Colonnade One (126,928 SF) and Midtown Plaza, a 329,213-square-foot office development currently underway and significantly preleased.   We are also developing Park Central Apartments which will offer 286 residential apartments units and 36,000 square feet of ground floor retail.

Why Raleigh?  I get asked this question a lot and I am always glad to point people to the many accolades Raleigh has earned recently for its economic success including being named:

  • #1 Best Place for Business in 2014 (Raleigh-Cary, NC) Forbes I July 2014
  • #1 U.S. City Attracting the Most Families (Raleigh, NC) Forbes I September 2014
  • #2 Fastest-Growing City in 2014 (Raleigh, NC) Forbes I February 2014
  • #3 U.S. City for Business Prosperity in 2014(Raleigh, NC) Business Review USA I January 2014
  • #4 Best Big City for Jobs in 2014 (Raleigh, NC) Forbes I April 2014
  • #4 Best City to Start a Business (Raleigh, NC) Nerd Wallet I May 2014
  • #4 Fastest Growing City for Renters (Raleigh, NC) Rent.com I May 2014
  • #4 Metro for Economic Growth (Raleigh, NC) CityLab I September 2014

 

The Raleigh-Durham economy has been anchored by “The Big Three” essential economic drivers: Biotechnology, Healthcare, and Education. These technologically-advanced industries are fueled by three tier-one research universities: Duke University, NC State University, and the University of North Carolina – Chapel Hill which provide the region with a competitive labor and talent pool. Because Raleigh is the State Capital, another significant piece of the local economy is government and public administration driven.

As you see from above the Research Triangle – a 3,480 square mile geographic region anchored by Raleigh, Durham, and Chapel Hill—has been consistently ranked among the nation’s best places to live, work, raise a family, and earn a world-class education by renowned national publications such as Money, Forbes and Fortune.

In fact, a strong and diverse economic climate coupled with Raleigh’s wealth of culture, entertainment, skilled workforce, the abundance of green space and highly acclaimed academic institutions led Bloomberg to naming it America’s Best City….

KBS is proud of the footprint it has created in Raleigh and the many tenants we are and will be serving in this dynamic live-work-play environment.

 

Raleigh Time! Marc Deluca website B 300x181

Marc DeLuca is Regional President overseeing the Eastern U.S. As regional president for KBS, Mr. DeLuca is responsible for all acquisitions, dispositions and asset management activities in the Northeast, Mid-Atlantic, Southeast and Ohio.