Chevy Chase based Federal Capital Partners has purchased Venable Center in in downtown Durham, NC. For $18 million. The 85,886 square foot Class A creative office, retail and lab space mixed use complex is comprised of three historic restored tobacco mill office buildings at 303 S. Roxboro Street. Trading for just under $210 per square foot, the buildings are listed on the National Register of Historic Places having won the Pyne Preserve Award in Durham in 2008. The complex was 99 percent leased at the time the deal closed.
