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ATLANTIC CAPITAL ADVISORS LLC IS RELOCATING ITS LOCAL OFFICES TO THE NEW 751 WEST FOURTH BUILDING
Atlantic’s Early Commitment Was Crucial to the Building’s Development
WINSTON-SALEM, N.C. – Financial services firm Atlantic Capital Advisors LLC will be the primary tenant in the new 751 West Fourth office building that is currently under construction at the corner of Fourth and Broad streets in downtown Winston-Salem.
Atlantic Capital Advisors – which is also the external manager of Hatteras Financial Corp. and ACM Financial Trust – plans to move in September from its offices at 110 Oakwood Drive to its new downtown space.
Earlier this year, The Winston-Salem Foundation also announced that it would be relocating to 751 West Fourth.
John Reece, managing partner of Commercial Realty Advisors – the local developer, manager and leasing agent for the new five-story office building – praised Atlantic Capital for the firm’s support of downtown Winston-Salem and its ongoing resurgence:
“Without a pre-construction commitment from Atlantic Capital Advisors LLC, the 751 West Fourth development would not have happened,” Reece said. “We are very grateful for their confidence in the project and willingness to make an early and long-term commitment to the vision of 751 West Fourth.”
Michael Hough, chief executive officer of Atlantic Capital, also issued a statement:
“I can’t think of a better location to establish a permanent residence for our business. John’s locally focused approach to development was important to us and, along with the building’s attractive appearance and convenient location, makes it something we can be proud of. We are pleased to occupy 751 West Fourth alongside one of the city’s most valued institutions, The Winston-Salem Foundation, and we plan to be good neighbors to those around us.”
The 751 West Fourth building is a one-hundred-percent locally sourced development. Along with Commercial Realty Advisors as developer/manager, archSTUDIO7 is the project architect; Frank L. Blum is the general contractor; and Stimmel Associates is the civil engineer.
With Atlantic Capital Advisors and The Winston-Salem Foundation now announced as tenants, approximately 11,000 square feet of Class A office space remains available for lease at 751 West Fourth.