AT MUTUAL PLAZA · Durham, The Tower at Mutual Plaza is within walking distance to many...
Transcript of AT MUTUAL PLAZA · Durham, The Tower at Mutual Plaza is within walking distance to many...
THE TOWER AT MUTUAL PLAZA
OFFICE SPACE AVAILABLE
411 West Chapel Hill StreetDurham, NC 27701
Arnold Siegmund | Principal, Brokerage | 919.420.1573 | [email protected]
$11 Million in Capital Improvements Underway
THE TOWER AT MUTUAL PLAZA411 West Chapel Hill StreetDurham, NC 27701
Arnold Siegmund | Principal, Brokerage | 919.420.1573 | [email protected]
Overview
Built in 1965, as the headquarters of the NC Mutual Life Insurance Company, today The Tower at Mutual Plaza is in the heart of Downtown Durham’s renaissance. For many years, this iconic tower was the tallest building in Durham standing 14 stories high. The building was strategically placed at the peak of the development site in order to emphasize the structure’s prominence in the area1. In 2006 the property was acquired by Greenfire Development. With this new ownership group, The Tower at Mutual Plaza will undertake a renaissance of its own with more than $11 million in capital improvements. Renovations are underway and when complete, this restored Class A property will become one of Downtown Durham’s most sought-after office addresses.
Planned renovations include:• Remodeled and expanded lobby• 16,000 sf of newly leasable space on the first floor
and mezzanine• AV equipped common conference rooms• Improved locker rooms and concessions market• New exterior lighting• Clean, restored, and repaired facade • Day-light into concourse with skylights and
clerestory windows
With these and many more improvements, The Tower at Mutual Plaza will once again offer occupants a premier environment for business.
Parking rendering
Renovated lobby
Lobby and Mezzanine office space1Source: Emporis.com
Arnold Siegmund | Principal, Brokerage | 919.420.1573 | [email protected]
LocationLocated in the American Tobacco District of Downtown Durham, The Tower at Mutual Plaza is within walking distance to many restaurants, entertainment venues, hotels, retail shops and apartments. The Durham Bulls Athletic Park, home to the Durham Bulls minor league baseball team, and Durham Performing Arts Center, are both within walking distance to The Tower at Mutual Plaza. The Highway 147 (Durham Freeway) interchange is two blocks away, and Duke University is just one mile away. Interstate 40, and the world-renowned Research Triangle Park, are a short 10-minute drive away, with Raleigh-Durham International Airport a short 15-minute drive away.
Outdoor plaza above Concourse level
Building Amenities• Enhanced plaza with seating areas - Synthetic grass lawn - Wood deck - Power and wi-fi for outdoor work on Plaza• Indoor bike parking• Tenant storage rentals• Conference center• Fitness center• Locker rooms
American Tobacco Campus
Durham Freeway
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Main Street
THE TOWER AT MUTUAL PLAZA411 West Chapel Hill StreetDurham, NC 27701
Available for LeaseType Class A Office Building
Building Size 183,835 sf
Rental Rate $30.00/sf, Full Service
Available Space First Floor: Mezzanine: Third Floor:Fourth Floor: Fifth Floor:Concourse Level: (shared office space)
7,009 sf – Available August 20188,888 sf – Available August 201812,533 sf – Available December 201911,612 sf – Available June 20183,930 sf – Available June 201813,177 sf – Available August 2018
On-Site Parking 3/1,000 sf ratio included
Parking deck rendering
Arnold Siegmund | Principal, Brokerage | 919.420.1573 | [email protected]
Capital Improvements• Outdoor plaza with seating• Building facade restoration• New front entryway• Lobby grab-and-go coffee and
concessions• Lobby renovations• Lower-level conference rooms• Lower-level fitness center and
showers
• Parking garage expansion• Mechanical and HVAC
modernization• Card access security system• Restroom renovations• New building lighting package• Interior bike rack and lockers
The Tower at Mutual Plaza
THE TOWER AT MUTUAL PLAZA411 West Chapel Hill StreetDurham, NC 27701
Arnold Siegmund | Principal, Brokerage | 919.420.1573 | [email protected]
Concourse Level | Shared Office Space13,177 sf
THE TOWER AT MUTUAL PLAZA411 West Chapel Hill StreetDurham, NC 27701
Arnold Siegmund | Principal, Brokerage | 919.420.1573 | [email protected]
First Floor7,009 sfAvailable August 2018
Mezzanine Level8,888 sfAvailable August 2018
411 West Chapel Hill StreetDurham, NC 27701
THE TOWER AT MUTUAL PLAZA
Arnold Siegmund | Principal, Brokerage | 919.420.1573 | [email protected]
Fourth Floor11,612 sf Available June 2018
Third Floor12,533 sf Available December 2019
Fifth Floor3,930 sf Available June 2018
27’-8” 27’-8”
111’-4”
THE TOWER AT MUTUAL PLAZA411 West Chapel Hill StreetDurham, NC 27701
Arnold Siegmund | Principal, Brokerage | 919.420.1573 | [email protected]
Area Amenities Map
411 West Chapel Hill StreetDurham, NC 27701
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W. Morgan Street
Ramseu Street
W. Pettigrew Street
147
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CITY CENTER
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BRIGHTLEAF SQUARE
DISTRICT
WEST VILLAGE DISTRICT
AMERICAN TOBACCO DISTRICT
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W. Morgan Street
Morris Street
The Tower at Mutual Plaza
THE TOWER AT MUTUAL PLAZA