Wachovia Capitol Center (formerly First Union Capitol Center) is a 30-story 121.92 m skyscraper

Skyscraper

A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...

 at 150 Fayetteville Street in Raleigh, North Carolina

Raleigh, North Carolina

Raleigh is the capital and the second largest city in the state of North Carolina as well as the seat of Wake County. Raleigh is known as the "City of Oaks" for its many oak trees. According to the U.S. Census Bureau, the city's 2010 population was 403,892, over an area of , making Raleigh...

 with 550979 square feet (51,187.6 m²) of space. Completed in 1991, it was one of the downtown Raleigh's two tallest buildings for nearly twenty years, and is currently third tallest.

History

In 1999, DRA Advisors bought First Union Capitol Center.

After the merger of First Union

First Union Corporation

First Union Corporation was a banking company providing commercial and retail banking services in eleven states in the eastern U.S. First Union also provided various other financial services, including mortgage banking, credit card, investment banking , investment advisory, home equity lending,...

 and Wachovia

Wachovia

Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets...

, Wachovia moved out of its 11-story 110000 square feet (10,219.3 m²) building built in 1961.

On January 31, 2007, Argus Realty Investors LP of San Clemente, California

San Clemente, California

San Clemente is a city in Orange County, California. The population was 63,522 at the 2010 census. Located on the California Coast, midway between Los Angeles and San Diego at the southern tip of the county, it is known for its ocean, hill, and mountain views, a pleasant climate and its Spanish...

 paid $153.4 million for Wachovia Capitol Center and its parking deck, plus retail space across the street. The amount was the most ever paid for a Triangle office building. At the time, Wachovia occupied 105788 square feet (9,828 m²), and other major tenants included Deloitte & Touche, PriceWaterhouse Coopers

PwC

PricewaterhouseCoopers is a global professional services firm headquartered in London, United Kingdom. It is the world's largest professional services firm measured by revenues and one of the "Big Four" accountancy firms....

, Merrill Lynch

Merrill Lynch

Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...

, and KPMG

KPMG

KPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....

, as well as the city's largest law firm Smith Anderson Blount.