Two Hanover Square

29-story office building was the tallest building in downtown Raleigh when it opened in 1991. The building is located on Fayetteville Street in Raleigh with 433,900 square feet of office space. AAC as an investor and the lead operating partner lead led an investment group that bought the building just over a year after it was completed but was essentially vacant. The AAC lead led partnership negotiated a purchase price of $18.5 million with court that had taken control of the building. AAC handled completing many aspects of the unfinished interior and repositioned the building. Upon leasing the building to stabilization AAC sold its position in the building.

Location:

434 Fayetteville Street in Raleigh, North Carolina