Seven Oaks Company has partnered with the Raleigh N.C.-based REIT Highwoods and has asset-managed the overall Riverwood mixed-use development on behalf of General Electric Asset Management for seven years. Seven Oaks and Highwoods will deliver Riverwood 200 in May 2017. The Class A office tower will open 83 percent preleased to several large firms as their corporate headquarters. Riverwood 200, a 300,000-square-foot, 12-story building, is the new premier corporate address in the Cumberland marketplaces’ most prestigious mixed-use development.
- Secured three prelease commitments for 65 percent of the building from Seven Oaks existing customers tenants prior to final financing approval.
- Worked with architect and Highwoods on cutting edge 21st century design which complements John Portman’s seminal 1988 architecture.
- Completed masterplan and created value for Highwoods by retaining one additional office site for future development.
- Building opening in May 2017 and is over 83 percent leased.