Federal Capital Partners has made another large investment in the Triangle, acquiring Durham's Erwin Square Plaza for $37.5 million.
The 238,792-square-foot building is the eighth local real estate project that the Chevy Chase, Md. developer has invested in over the past two years.
The company has a controlling interest or has provided financing for nearly 2,000 apartments and more than 350,000 square feet of commercial space in the Triangle.
Erwin Square is 96 percent leased. Tenants include Duke University and companies related to the university's health system.