2010
- THREE OFFICE BUILDINGS EARN ENERGY STAR® CERTIFICATION
Three Class A office buildings in Capital Associates' portfolio have been awarded the U.S. Environmental Protection Agency's prestigious ENERGY STAR certification, the national symbol for superior energy efficiency and environmental protection. This signifies that the energy performance of these buildings rates in the top 25 percent of facilities nationwide while meeting specific standards for thermal comfort and indoor air quality.
The three ENERGY STAR buildings are Concourse Lakeside One in Morrisville, Exchange West at Meadowmont in Chapel Hill, and BB&T/Two Hannover Square in downtown Raleigh. Energy saving components include variable speed drives on building motors, low-emissive glass or reflective coating on all windows, and automated energy management systems to provide real-time monitoring of all mechanical systems.
The EPA introduced ENERGY STAR in 1992 as a voluntary program to assess how efficiently a building uses energy relative to similar buildings nationwide. Based on a peformance rating scale from 1-100, a building must score a rating of 75 or higher to be eligible for the ENERGY STAR. Commercial buildings that achieve the ENERGY STAR certification use an average of 35 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere.
- Tom Huff was recently approved by the Cary Town Council to serve on a new task force to review the Cary sign ordinance.
- Bret Muller was appointed to serve on the 2010 Triangle Commercial Assocation of Realtors Board of Directors as President.
- Capital Associates made new leases, expansions and renewals totaling 545,046 square feet in 2009. Of this amount, approximately 58% was made in the last four months of the year. Leasing in 2009 included over 300,000 square feet to new tenants. Per Tripp Bradshaw and Bret Muller, two of our top leasing agents, Capital Associates was the clear market leader in the absorption of space for the year. Having excellent properties and property management helps make it possible to make new leases, expansions and renewals. Even in the current challenging economy, our average occupancy is over 91%. Capital Associates leases and manages its own developments, as well as properties owned by third parties.
2009
- Capital Associates is responding to increased interest in green development and sustainable management practices. Kandy Kidd, a LEED accredited professional, was a speaker at a recent "Green Luncheon" sponsored by the Downtown Raleigh Alliance. Just prior, Tom Huff participated on a panel of developers discussing "Growing Sustainable Homes and Buildings" at the annual planning conference of the Cary Chamber of Commerce in Southern Pines.
- Roads, landscaping, and signage are nearing completion in Lexington Seven, a 77-acre mixed use business park in Loudoun County, VA near Washington, DC. Finished lots are available for sale to office, hotel, and retail users.
- Major renovations and reconditioning of the 92,000 SF Random Hills Center (formerly the Long & Foster building) are complete in Fairfax, Virginia. Space in this prestigious and well located building is available for lease or for purchase as an office condominium.
- Loparex is relocating its corporate HQ from the Chicago area to Crescent Lakeside II in Cary, NC.
- Capital Associates has been selected to find office space for Global Knowledge and to sell a number of properties in the Triangle area of NC.
- With the latest addition of Carolina Perinatal Associates, Medical Plaza at Rex, a 103,500 SF medical office building on the main campus of Rex Hospital in Raleigh, NC, is 96% leased to a variety of medical practices.
- With design and permitting now complete, construction is underway of a 75,000 SF expansion of the headquarters for Epic Games in Cary, NC. Epic Games has created and produced several of the top selling computer games.
- After 12 years in its previous location, Capital Associates relocated its corporate office to Crescent Lakeside II in Cary, NC.
- Capital Associates in Greensboro, NC was recently selected by the owner to lease and manage 800 Green Valley Road, a 127,000 SF class "A" midrise office building.
2008
- Lawyers Mutual Liability Insurance Company of North Carolina has leased an entire floor in Weston II, Cary, NC. This new building is already 80% leased.
- Completed construction of the newest office building in The Crescent Business Park in Cary, NC--Crescent Lakeside II, a 140,000 SF class "A" office building.
- Completed construction of the newest office building in the Weston Business Park in Cary, NC--Weston II, an 80,000 SF class "A" office building.
- Ply Gem Industries has leased 20,000 SF for its corporate headquarters in Weston II, Cary, NC, which is currently under construction. This building will be completed in the Spring.
