Avison Young’s Structured Finance Group secures financing for the development of 1000 Social, a new world-class office tower being built at The Exchange Raleigh

WASHINGTON, DC — Avison Young announced today that it has arranged a $139 million loan for the construction of 1000 Social, a 12-story trophy office building in Raleigh, N.C.

Avison Young’s Structured Finance Group arranged the financing to build the 350,000-square-foot (sf) office tower. The project is the first phase of vertical construction at The Exchange Raleigh, a new $1 billion mixed-use development that will feature nearly 1 million-sf of trophy office space, a beautiful park and a variety of top-tier residential units, stores and restaurants. 

Dewitt Carolinas, which is developing The Exchange Raleigh, chose Avison Young to arrange financing for 1000 Social. The Avison Young team was led by Wes Boatwright, Michael Yavinsky and Jon Goldstein, all Principals; and Connor Burke, an Associate at the firm.

“This financing opportunity attracted considerable interest not only because 1000 Social will be a trophy office tower in a premier location, but also because Dewitt Carolinas is well known for developing the best projects of the highest quality,” Boatwright said.

Groundbreaking on 1000 Social took place last month, with construction expected to be completed in about 18 months. The new landmark tower will offer 20,000 sf of ground-floor retail, outdoor patios and individual bathroom pods on every floor, efficient 28,500-sf floor plates, a fully-equipped event center and a parking structure with over 1,500 spaces.

With a striking, timeless design, 1000 Social will also feature state-of-the-art technology to enhance wellness and safety, including ionized air filter treatment, touchless elevators and hands-free fixtures throughout.

Tenants will benefit from their ideal location at The Exchange Raleigh. When complete, the vibrant 40-acre development will offer numerous stores, restaurants and other appealing amenities. They will include a 4-acre park with lush landscaping, water features and plentiful open spaces for gatherings and events. Bike and pedestrian trails will connect to the Capital Area Greenway System.

All of this will be easily accessible for tenants and visitors alike. Conveniently located near I-440, The Exchange Raleigh will offer numerous entry points from all directions.

“The Exchange Raleigh will be an outstanding place to live, work, shop, dine and relax,” Boatwright said. “It will be one of area’s most dynamic developments and be recognized as one of the best new office buildings in the Southeast.”