at mutual plaza · durham, the tower at mutual plaza is within walking distance to many...

THE TOWER AT MUTUAL PLAZA

OFFICE SPACE AVAILABLE

411 West Chapel Hill StreetDurham, NC 27701

Arnold Siegmund | Principal, Brokerage | 919.420.1573 | [email protected]

$11 Million in Capital Improvements Underway

THE TOWER AT MUTUAL PLAZA411 West Chapel Hill StreetDurham, NC 27701


Overview

Built in 1965, as the headquarters of the NC Mutual Life Insurance Company, today The Tower at Mutual Plaza is in the heart of Downtown Durham’s renaissance. For many years, this iconic tower was the tallest building in Durham standing 14 stories high. The building was strategically placed at the peak of the development site in order to emphasize the structure’s prominence in the area1. In 2006 the property was acquired by Greenfire Development. With this new ownership group, The Tower at Mutual Plaza will undertake a renaissance of its own with more than $11 million in capital improvements. Renovations are underway and when complete, this restored Class A property will become one of Downtown Durham’s most sought-after office addresses.

Planned renovations include:• Remodeled and expanded lobby• 16,000 sf of newly leasable space on the first floor

and mezzanine• AV equipped common conference rooms• Improved locker rooms and concessions market• New exterior lighting• Clean, restored, and repaired facade • Day-light into concourse with skylights and

clerestory windows

With these and many more improvements, The Tower at Mutual Plaza will once again offer occupants a premier environment for business.

Parking rendering

Renovated lobby

Lobby and Mezzanine office space1Source: Emporis.com


LocationLocated in the American Tobacco District of Downtown Durham, The Tower at Mutual Plaza is within walking distance to many restaurants, entertainment venues, hotels, retail shops and apartments. The Durham Bulls Athletic Park, home to the Durham Bulls minor league baseball team, and Durham Performing Arts Center, are both within walking distance to The Tower at Mutual Plaza. The Highway 147 (Durham Freeway) interchange is two blocks away, and Duke University is just one mile away. Interstate 40, and the world-renowned Research Triangle Park, are a short 10-minute drive away, with Raleigh-Durham International Airport a short 15-minute drive away.

Outdoor plaza above Concourse level

Building Amenities• Enhanced plaza with seating areas - Synthetic grass lawn - Wood deck - Power and wi-fi for outdoor work on Plaza• Indoor bike parking• Tenant storage rentals• Conference center• Fitness center• Locker rooms

American Tobacco Campus

Durham Freeway

S D

uke

Stre

et

Will

ard

Stre

etChapel Hill Street

Main Street


Available for LeaseType Class A Office Building

Building Size 183,835 sf

Rental Rate $30.00/sf, Full Service

Available Space First Floor: Mezzanine: Third Floor:Fourth Floor: Fifth Floor:Concourse Level: (shared office space)

7,009 sf – Available August 20188,888 sf – Available August 201812,533 sf – Available December 201911,612 sf – Available June 20183,930 sf – Available June 201813,177 sf – Available August 2018

On-Site Parking 3/1,000 sf ratio included

Parking deck rendering


Capital Improvements• Outdoor plaza with seating• Building facade restoration• New front entryway• Lobby grab-and-go coffee and

concessions• Lobby renovations• Lower-level conference rooms• Lower-level fitness center and

showers

• Parking garage expansion• Mechanical and HVAC

modernization• Card access security system• Restroom renovations• New building lighting package• Interior bike rack and lockers

The Tower at Mutual Plaza



Concourse Level | Shared Office Space13,177 sf



First Floor7,009 sfAvailable August 2018

Mezzanine Level8,888 sfAvailable August 2018




Fourth Floor11,612 sf Available June 2018

Third Floor12,533 sf Available December 2019

Fifth Floor3,930 sf Available June 2018

27’-8” 27’-8”

111’-4”



Area Amenities Map


S. M

angu

m S

tree

t

W. Morgan Street

Ramseu Street

W. Pettigrew Street

147

147

CITY CENTER

DISTRICT

S. M

angum

Stre

etW. Chapel Hill Street

BRIGHTLEAF SQUARE

DISTRICT

WEST VILLAGE DISTRICT

AMERICAN TOBACCO DISTRICT

N. D

uke

Stre

et

W. Morgan Street

Morris Street

The Tower at Mutual Plaza


at mutual plaza · durham, the tower at mutual plaza is within walking distance to many...

Documents