Wells Fargo Capitol Center
History
![](http://upload.wikimedia.org/wikipedia/commons/thumb/6/60/View_of_wachovia_bank%2C_downtown_raleigh_-_panoramio.jpg/150px-View_of_wachovia_bank%2C_downtown_raleigh_-_panoramio.jpg)
In 1999, DRA Advisors bought First Union Capitol Center.
After the merger of First Union and Wachovia, Wachovia moved out of its 11-story 110,000 square feet (10,000 m) building built in 1961.
On January 31, 2007, Argus Realty Investors LP of San Clemente, California paid $153.4 million for Wachovia Capitol Center and its parking deck, plus retail space across the street. The amount was the most ever paid for a Triangle office building. At the time, Wachovia occupied 105,788 square feet (9,828.0 m), and other major tenants included Deloitte & Touche, PriceWaterhouse Coopers, Merrill Lynch, and KPMG, as well as the city's largest law firm Smith Anderson Blount.
As a result of six transactions, HighBrook Investors paid $42.74 million for 31.57 percent of Wells Fargo Capitol Center, whose ownership is a tenants in common structure. As of December 4, 2015, the building had 192,181 square feet (17,854.2 m) of leasable space available, with 20,451 square feet (1,900.0 m) more expected in 2016. Major tenants other than Wells Fargo included Brooks Pierce, Smith Anderson, BHDP Architecture and RM Source. Parker Poe had already left and Womble Carlyle Sandridge & Rice planned to move in 2016.