Real Deals: American Tobacco has enviable vacancy problem

 As the American Tobacco campus in downtown Durham celebrates its 10th anniversary, its owner, Capitol Broadcasting, finds itself with a problem that any real estate developer would love to have.

The success of the campus both as an entertainment district and an office park means that American Tobacco now has almost no vacant space. All of the campus’s 45,000 square feet of retail space is taken, and about 1 percent of the roughly 1.15 million square feet of office space is vacant if you include pending deals.  Read more in the NEWS AND OBSERVER.


 


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