Press Releases

VitalSource Announces Expansion at 227 Fayetteville St.

RALEIGH, NC - May 3, 2017 - LRC Properties announced VitalSource Technologies, an education technology company, has expanded its footprint at 227 Fayetteville in downtown Raleigh. VitalSource, which moved into the high-profile mixed-use office building in 2015, will occupy an additional 11,163 square feet, resulting in a total of 33,151 square feet on three full floors.

"We value VitalSource as a tenant at 227 Fayetteville and are pleased they have chosen to lease additional space at the building," said Ed Kulik, co-founder of LRC Properties. "Since taking ownership of 227 Fayetteville, we have worked to transform the building to meet the needs of companies like VitalSource - technology-driven businesses that want to be in downtown Raleigh for its abundant amenities and strong workforce. We look forward to having VitalSource as a tenant for many years to come."

VitalSource, part of Tennessee-based Ingram Content Group, is a global leader in building, enhancing and delivering e-learning content. The VitalSource Bookshelf® platform is the most used eTextbook delivery platform in higher education. Over 1 million titles from more than 1000 publishers are available to Bookshelf users.

VitalSource employs 120 people in its Raleigh office.

LRC Properties acquired 227 Fayetteville in late 2012 and recently completed a $14.5 million renovation on the 10-story building. The developer received a 2016 Imprint Award from the Downtown Raleigh Alliance for its work. Current tenants include VitalSource Technologies, RATIO Architects, Cohera Medical and Indy Week. Most recently, it announced the YMCA signed a lease to open a 26,000 square foot location in the building.

NAI Carolantic Realty broker Robin Roseberry Anders, SIOR represents LRC Properties in the Triangle area. The company is also redeveloping Mill No. 1 at 800 Taylor Street in downtown Durham.

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