December 4, 2019
Hem + Spire LLC has acquired Capital Club, a 47,979-square-foot historic office building in Raleigh. The sales price was undisclosed.
The 12-story building was originally developed in 1930 by the Capital Club, a men’s literary and social organization founded in 1885. The building features some of the last remaining art-deco architecture and finishes in downtown Raleigh. Located at 16 W. Martin St. in downtown Raleigh, Capital Club is anchored by HQ Raleigh and Capital Club 16 Restaurant & Bar, which has served local area patrons for more than 10 years.
David Finger and Sara Owen of Cushman & Wakefield represented the seller, American Residential Investment Management, in the transaction.
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