Business

Burt's Bees HQ building in American Tobacco sold for $14M

By David Bracken - dbracken@newsobserver.com
BEEHIVE1-DN-100814-HLL
Beewatching is rapidly becoming a new pasttime among workers and visitors to the American Tobacco Campus in Durham, NC. Janice Chambers of Granville County, NC stopped Wednesday morning, October 8, 2014 on her way in to visit the Bert's Bees company to watch the new six foot tall, two foot wide observation beehive with up to 15,000 honeybees embedded in six frames in the front wall of the business. The largest observation beehive of its kind in NC was installed this week in the downtown Durham Burt's Bees at 210 West Pettigrew Street to help educate the public on the importance of the bees to our human and environmental health. The hive is two sided - the bees at work can also be seen while inside the lobby of Burt's Bees. hlynch@newsobserver.com

Capitol Broadcasting Co. has acquired the Hill Building in American Tobacco Campus that serves as the headquarters for Burt's Bees.

An affiliate of Capitol Broadcasting paid $14.375 million for the 71,000-square foot building, according to Durham County property records.

The building was one of the few properties within American Tobacco that Capitol didn't own. The seller was Struever Bros. Eccles & Rouse, a Baltimore developer that acquired the building from Capitol Broadcasting in 2006.

Burt's Bees moved its headquarters to American Tobacco in 2009. The building was previously leased to Motricity.

This story was originally published January 9, 2015 at 4:15 PM with the headline "Burt's Bees HQ building in American Tobacco sold for $14M."

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