Foundry Commercial Named Exclusive Agent of Nexus Office Project in Downtown Raleigh

Posted on July 1, 2019

-As development gets underway for the four-building mixed-use project, Foundry Commercial announces the opening of pre-leasing opportunities-

Raleigh, N.C. (July 1, 2019) – Foundry Commercial, the multi-city commercial real estate firm with offices across the Southeast and Texas, was named by Acquisition Group as the exclusive office leasing agent for Nexus in downtown Raleigh. In this role, Foundry provides leasing services for the 300,000+ square feet of office space that will be located within the 1.0 million+ square feet of total space encompassing residential, retail, and hotel properties. Foundry joins other project partners – Acquisition Group (owner), East West Partners (developer), Gensler (architect), Elkus Manfredi (architect), and Kimley Horn (engineer) – to bring the four-building, mixed-use development to market. 

Formerly the home of the News & Observer, the Triangle area’s daily newspaper, the Nexus project is currently in for permitting and slated to begin in 2020 with an anticipated project completion in 2022. 

Located at 215 S. McDowell Street, the Nexus project continues the trend of recently revitalized sites in the downtown area. According to John Kelly, SIOR, Market Leader for Foundry Commercial’s Raleigh office: “Nexus will be the preeminent, modern, mixed-use development in downtown Raleigh, encompassing an entire city block. The office tower’s exceptional location marks the epicenter of phenomenal growth in Raleigh. At this time, we are actively looking for an anchor tenant to help brand the building, making Nexus the perfect space for a business that would like to cement their reputation as a key player in the Raleigh business scene.” 

Tenants can glance out of the building’s windows to inspiring views over Nash Square and into Raleigh’s burgeoning Warehouse District, provided by the unique orientation that has been built into the project’s carefully considered design. The project is also being lauded for its pioneering efforts to integrate SMART technology throughout each of the phases, offering tenants, residents and users an unrivaled experience in convenience and luxury. 

For more information about pre-leasing opportunities at Nexus in downtown Raleigh, contact Foundry Commercial’s Jordan Betz at 919-830-5060, John Kelly, SIOR at 919-987-1005, or Patrick Blackley at 919-987-2912. 

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About Acquisition Group
Acquisition Group is a privately held diversified investment firm based in California but active internationally with average annual investments of nine figures. Acquisition Group, which has been active in Raleigh for nearly three decades, also owns properties such as Two Hanover Square, parking facilities, and raw land. The investment team is led by Messrs. Sam Sotoodeh, Babak Sotoodeh, Craig Shimomura and Tim Nelson. www.agusa.net 

About Foundry Commercial 
Foundry Commercial is a full-service real estate services and investment company with over 330 employees and more than 50 million square feet of management and leasing across the Southeast and Texas. Since 2007, Foundry has provided leasing, brokerage, building management, corporate services and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than one billion in advantaged investment opportunities with their JV partners. For more information, visit www.foundrycommercial.com. 

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Lauren Leetun, APR
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