Tower of Opportunity | Office/Mixed-Use | Raleigh Durham

Located between downtown Durham and Chapel Hill, the tower has immediate access to I-40 and NC-15-501 and benefits from close proximity to Duke University, UNC Chapel Hill, Research Triangle Park, and RDU International Airport. This central position connects it to the Triangle’s most powerful economic engines, top-tier universities, major healthcare systems, and a rapidly growing residential population. The visibility from I-40 and the building’s commanding presence make it a beacon for business and branding unlike anything else in the market.University Tower is a rare opportunity to acquire an iconic 17-story landmark on ±5.89 acres in Durham at $64.52 per rentable SF. That is $7 million below its $19 million December 2024 appraisal and a fraction of replacement cost. Duke Health is the anchor tenant through 2030, and more than $5 million has been invested in capital improvements since 2016. The low basis gives investors and owner-users three paths to create value: • Office lease-up. About 132,000 SF is available, including several full floors of ±11,000 SF. With little new supply and a growing market, the tower is well positioned to capture demand. • Office condominiums. Selling floors or suites individually offers significant upside. See the condominium pro forma and comparable sales in the Offering Memorandum. • Adaptive reuse. The site and building may suit residential, medical, hospitality, restaurant, entertainment, self-storage, or mixed-use redevelopment. With its distinctive architecture, height and frontage on I-40, University Tower is one of the most recognizable buildings in the Triangle. The upper floors have sweeping views, and the building offers a corporate user outstanding signage visibility and prominence. The property sits between downtown Durham and Chapel Hill, with immediate access to I-40 and US 15-501. Duke University, UNC Chapel Hill, Research Triangle Park, and RDU International Airport are a short drive away. Located between downtown Durham and Chapel Hill, the tower has immediate access to I-40 and NC-15-501 and benefits from close proximity to Duke University, UNC Chapel Hill, Research Triangle Park, and RDU International Airport. This central position connects it to the Triangle’s most powerful economic engines, top-tier universities, major healthcare systems, and a rapidly growing residential population. The visibility from I-40 and the building’s commanding presence make it a beacon for business and branding unlike anything else in the market.