Barings Completes Recapitalization of 301 Hillsborough at Raleigh Crossing
Project Embodies Barings Innovation Investment Strategy
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(PRNewsfoto/Barings)
(PRNewsfoto/Barings)
CHARLOTTE, N.C., Jan. 12, 2021 /PRNewswire/ Barings, one of the world s leading financial services firms, announced today it has closed a joint venture between Barings and The Fallon Company to recapitalize the Class-A+ office property, 301 Hillsborough, in downtown Raleigh, NC.
A 280,381 square foot, 19-story office tower, 301 Hillsborough includes 12,162 square feet of ground floor retail and is located in Raleigh s most vibrant downtown submarket. This office project is the first phase of the mixed-use development, Raleigh Crossing, which will become the nexus of Raleigh s office, residential and hospitality activity. Construction is approximately 50% complete, and the property is already 45% pre-leased by Pendo, a leading software company.