“We are excited to put our roots down further in the rich soil of this community, with the help of two world-class developers in Michael and Lee, the State of North Carolina, the North Carolina Department of Agriculture, Wake County and the city of Raleigh.” “Bandwidth has been home-grown in the Triangle for nearly 20 years,” said Bandwidth CEO David Morken. Rendering of the future Bandwidth headquarters campus (from WRAL)īandwidth also plans a Montessori school, an athletic field, an amphitheater, and other initiatives, the broadcaster says in TechWire. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.įor more news, videos and research resources on JLL, please visit our newsroom.CBC Real Estate, a division of Capitol Broadcasting Company, Inc., the corporate parent of WRAL-TV, and WRAL TechWire, is developing the site along with East West Partners, the broadcaster says. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales advisory, debt placement, equity placement or a recapitalization. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
2 fastest growing population among large U.S. The MSA’s population grew 3.5 times the national average from 2010 to 2020 and a recent U.N. Raleigh continues to be one of the nation’s leading growth markets attracting both residents and new companies to the area.
“Both USAA Real Estate and Wells Fargo were excellent to work with on the capitalization of this transformative project.” “It was very exciting to be a part of the team with East West Partners and Capitol Broadcasting Company to help make this project a reality for Bandwidth,” Edwards said. The JLL Capital Markets team representing the venture was led by Roger Edwards, Travis Anderson, Michael George, Coler Yoakam and Warren Johnson. Umstead State Park and the NC Museum of Art, which, together, provide more than 6,000 acres of outdoor biking and hiking trails, rivers and lakes. Located at the corner of Reedy Creek Road and Edwards Mill Road, the campus is central to the Triangle’s largest employment and entertainment centers is easily accessible from main transportation arteries and is adjacent to the world class natural amenities of Schenk Memorial Forest, William B. The office building, which is anticipated to be completed in first quarter 2023, will be positioned on 23.34 acres, and Bandwidth owns 17 adjacent acres, allowing for future expansion needs. An on-site parking garage will provide approximately 1,859 parking spaces. The campus will feature 460,073 square feet of Class A office space, a 29,091-square-foot fitness center, a 13,425-square-foot recreational area, a 31,300-square-foot Montessori School, an on-site amphitheater, walking trails, café and recreation fields.
BANDWIDTH RALEIGH SOFTWARE
JLL worked on behalf of a joint venture between East West Partners and Capitol Broadcasting Company to secure equity from USAA Real Estate and a construction loan with Wells Fargo Bank for the build-to-suit project.īandwidth, a fast-growing Raleigh-based software and technology company, will consolidate its current three locations in Raleigh into a centrally located, highly amenitized, state-of-the-art campus focused on employee mental well-being, physical health and fitness, family interaction and community involvement.
RALEIGH, J– JLL Capital Markets announced today that it has arranged joint venture equity and construction financing for the development of a 533,889-square-foot office campus that will serve as the headquarters location for Bandwidth, Inc.
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