Federal Capital Partners, the Maryland firm that has been one of the most active real estate investors in the Triangle in recent years, has acquired the Venable Center in Durham for $18 million.
The 85,886-square-foot building includes office, retail and lab space. It is 99 percent leased.
Venable Center is at 303 S. Roxboro Street in downtown. The recently renovated center’s buildings are listed on the National Register of Historic Places.
Federal Capital Partners other Triangle projects include in The Dillon, a $150 million office and apartment project in downtown Raleigh that it is developing with Kane Realty; and Forty540, a new 198,481-square-foot, 5-story office building that it is building with Strategic Capital Partners.
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The company also owns West Village in Durham, which includes 453 apartments and 120,000 square feet of commercial space.