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Foundation Finds Buyer For Boylan Pearce Building |
The Fletcher Foundation recently found a buyer for the Boylan Pearce Building, seen here in an early 1900’s photo. |
The A.J. Fletcher Foundation has found a buyer for its latest renovation project in downtown Raleigh. The development company Field Order Fifteen Properties, a partnership headed by lawyer Charles Francis, has contracted to purchase the Boylan Pearce building on the Fayetteville Street Mall. The deal should be closed later this year.
The AJFF orchestrated a $1-million restoration of the 92-year-old structure, next door to the Foundation’s home in the Briggs Hardware Building, which they purchased to renovate in 1997.
Francis partnered with former St. Augustine administrator Frank Toliver to obtain the building. Francis plans to move his law firm, Francis & Austin, from its offices in the BB&T Building to the Boylan Pearce location next fall. Field Order Fifteen Properties will lease the bottom two floors, likely leasing to retail on the ground floor.
