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Franklin Park Chapel Hill, NC 27514

2,278 - 36,566 SF of Office Space Available

Park Highlights

  • Franklin Park is a three-building, 65,590-square-foot office park featuring classic brick façades and high-end finishes in Chapel Hill.
  • Centrally situated along Franklin Street, a major thoroughfare providing convenient access to Downtown Chapel Hill, Highway 501, and Interstate 40.
  • Chapel Hill is home to UNC at Chapel Hill, and is celebrated as one of the state's top college towns, blending live music, sports, & higher education.
  • Amenities include covered parking, shower and storage facilities, after-hours security, and professional on-site property management.
  • Within walking distance of University Place Shopping Mall and Village Plaza, offering an array of shops, restaurants, and entertainment.
  • Easily accessible to nearby areas such as Carrboro, Durham, Raleigh, and the Raleigh-Durham International Airport.

PARK FACTS

Total Space Available 36,566 SF
Max. Contiguous 7,670 SF
Park Type Office Park

all available spaces(5)

Display Rental Rate as

Franklin Park
1520 E Franklin St
7,188 SF | $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $15,275 /MO $183,294 /YR
Building Type/Class
Office/B
Year Built
1995
Building Size
7,188 SF
Building Height
1 Story
Typical Floor Size
7,188 SF
Parking
27 Spaces
  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 7,188 SF
  • Negotiable
  • $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $15,275 /MO $183,294 /YR
  • Office
  • Full Build-Out
  • 30 Days
  • Rate includes utilities, building services and property expenses
  • Office intensive layout
  • Fully Built-Out as Standard Office
Space Size Term Rental Rate Space Use Condition Available
1st Floor 7,188 SF Negotiable $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $15,275 /MO $183,294 /YR Office Full Build-Out 30 Days
Franklin Park
1520 E Franklin St
7,188 SF | $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $15,275 /MO $183,294 /YR
Building Type/Class
Office/B
Year Built
1995
Building Size
7,188 SF
Building Height
1 Story
Typical Floor Size
7,188 SF
Parking
27 Spaces

1520 E Franklin St - 1st Floor

Size
7,188 SF
Term
Negotiable
Rental Rate
$25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $15,275 /MO $183,294 /YR
Space Use
Office
Condition
Full Build-Out
Available
30 Days
Franklin Park
1516 E Franklin St
2,278 - 14,053 SF | $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $4,841 - $29,863 /MO $58,089 - $358,352 /YR
Building Type/Class
Office/B
Year Built
1995
Building Size
20,272 SF
Building Height
2 Stories
Typical Floor Size
10,136 SF
Parking
68 Spaces
  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor, Ste 100
  • 6,383 SF
  • Negotiable
  • $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $13,564 /MO $162,767 /YR
  • Office
  • -
  • 30 Days
  • Rate includes utilities, building services and property expenses
  • 2nd Floor, Ste 203
  • 2,278 SF
  • Negotiable
  • $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $4,841 /MO $58,089 /YR
  • Office
  • -
  • Now
  • Rate includes utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 7,670 SF of adjacent space
  • 2nd Floor, Ste 205
  • 5,392 SF
  • Negotiable
  • $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $11,458 /MO $137,496 /YR
  • Office
  • -
  • April 01, 2025
  • Rate includes utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 7,670 SF of adjacent space
Space Size Term Rental Rate Space Use Condition Available
1st Floor, Ste 100 6,383 SF Negotiable $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $13,564 /MO $162,767 /YR Office - 30 Days
2nd Floor, Ste 203 2,278 SF Negotiable $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $4,841 /MO $58,089 /YR Office - Now
2nd Floor, Ste 205 5,392 SF Negotiable $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $11,458 /MO $137,496 /YR Office - April 01, 2025
Franklin Park
1516 E Franklin St
2,278 - 14,053 SF | $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $4,841 - $29,863 /MO $58,089 - $358,352 /YR
Building Type/Class
Office/B
Year Built
1995
Building Size
20,272 SF
Building Height
2 Stories
Typical Floor Size
10,136 SF
Parking
68 Spaces

1516 E Franklin St - 1st Floor - Ste 100

Size
6,383 SF
Term
Negotiable
Rental Rate
$25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $13,564 /MO $162,767 /YR
Space Use
Office
Condition
-
Available
30 Days

1516 E Franklin St - 2nd Floor - Ste 203

Size
2,278 SF
Term
Negotiable
Rental Rate
$25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $4,841 /MO $58,089 /YR
Space Use
Office
Condition
-
Available
Now

1516 E Franklin St - 2nd Floor - Ste 205

Size
5,392 SF
Term
Negotiable
Rental Rate
$25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $11,458 /MO $137,496 /YR
Space Use
Office
Condition
-
Available
April 01, 2025
Franklin Park
1512 E Franklin St
15,325 SF | $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $32,566 /MO $390,788 /YR
Building Type/Class
Office/B
Year Built
1997
Building Size
38,130 SF
Building Height
2 Stories
Typical Floor Size
14,908 SF
Parking
169 Spaces
  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 2nd Floor, Ste 200
  • 15,325 SF
  • Negotiable
  • $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $32,566 /MO $390,788 /YR
  • Office
  • -
  • 30 Days
  • Rate includes utilities, building services and property expenses
Space Size Term Rental Rate Space Use Condition Available
2nd Floor, Ste 200 15,325 SF Negotiable $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $32,566 /MO $390,788 /YR Office - 30 Days
Franklin Park
1512 E Franklin St
15,325 SF | $25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $32,566 /MO $390,788 /YR
Building Type/Class
Office/B
Year Built
1997
Building Size
38,130 SF
Building Height
2 Stories
Typical Floor Size
14,908 SF
Parking
169 Spaces

1512 E Franklin St - 2nd Floor - Ste 200

Size
15,325 SF
Term
Negotiable
Rental Rate
$25.50 /SF/YR $2.13 /SF/MO $274.48 /m²/YR $22.87 /m²/MO $32,566 /MO $390,788 /YR
Space Use
Office
Condition
-
Available
30 Days

1520 E Franklin St - 1st Floor

Size 7,188 SF
Term Negotiable
Rental Rate $25.50 /SF/YR
Space Use Office
Condition Full Build-Out
Available 30 Days

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Office intensive layout

1516 E Franklin St - 1st Floor - Ste 100

Size 6,383 SF
Term Negotiable
Rental Rate $25.50 /SF/YR
Space Use Office
Condition -
Available 30 Days

  • Rate includes utilities, building services and property expenses

1516 E Franklin St - 2nd Floor - Ste 203

Size 2,278 SF
Term Negotiable
Rental Rate $25.50 /SF/YR
Space Use Office
Condition -
Available Now

  • Rate includes utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 7,670 SF of adjacent space

1516 E Franklin St - 2nd Floor - Ste 205

Size 5,392 SF
Term Negotiable
Rental Rate $25.50 /SF/YR
Space Use Office
Condition -
Available April 01, 2025

  • Rate includes utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 7,670 SF of adjacent space

1512 E Franklin St - 2nd Floor - Ste 200

Size 15,325 SF
Term Negotiable
Rental Rate $25.50 /SF/YR
Space Use Office
Condition -
Available 30 Days

  • Rate includes utilities, building services and property expenses

Park Overview

Franklin Park at 1512-1520 E Franklin Street is a sought-after office center with superior amenities located in the heart of Chapel Hill, North Carolina. Spanning 65,590 square feet, this three-building park boasts a classic brick façade and high-end finishes. A variety of suites, ranging in square footage, are available, including move-in-ready opportunities. Tenants enjoy on-site conveniences, from covered parking and shower facilities to tenant storage and after-hours security. On-site professional property management services are also available. Franklin Street runs along the park and is one of the city's major thoroughfares, allowing for easy travel within and outside of town and convenience to several commuter routes, including Highway 501/Fordham Boulevard and Interstate 40, a public bus stop located right in front of the park, and into Downtown Chapel Hill. Franklin Park is within walking distance to the region's premier shopping destination, the University Place Shopping Mall and Village Plaza, home to a robust collection of shops and restaurants, a movie theater, Whole Foods, and special events. The proud home to the University of North Carolina at Chapel Hill, this serene suburb is considered one of the top college towns in the state. Chapel Hill embraces its reputation with an evident passion for live music, sports, nightlife, cuisine, and higher education. This family-friendly suburb offers residents access to the rotating exhibits at Ackland Art Museum and the picturesque greenery at the North Carolina Botanical Garden. The city of Chapel Hill is convenient to Carrboro, Durham, Raleigh, and the Raleigh-Durham International Airport. From the hiking trails at the Carolina North Forest to the retailers and restaurants at University Place, Chapel Hill has something for everyone.

Park Brochure

About Orange County

Located near downtown Durham, Orange County benefits from dense, highly educated population centers nearby. Its setting is mainly suburban, but its proximity to downtown attracts businesses and residents seeking access to amenities and entertainment at a more affordable price point than the urban core. Orange County’s population has steadily grown over the past several years, boosted by the region’s thriving economy.

Duke University and UNC Chapel Hill, two of the Triangle’s flagship universities, provide a network of highly skilled talent that has helped fuel economic growth in the region. The area is a well-known technology and healthcare hub, and its tenant base includes a number of research and development operations, IT firms, and startup companies. Major employers such as UNC Chapel Hill, UNC Health, and Aramark employ thousands of workers in the area.

Interstates 40 and 85 serve as the county’s major roadways, the former of which links Chapel Hill to neighboring cities Cary and Raleigh. Furthermore, the area is a short drive away from RDU International Airport, offering businesses the added convenience of a nearby airport. Rents here typically come at a discount to downtown Durham and Research Triangle Park, making it an attractive location for companies looking to capitalize on the area’s growth without the high rent cost.

Nearby Amenities

Restaurants

Dunkin' Cafe - 5 min walk
Il Palio Italian $$$ 5 min walk
Caribou Coffee Cafe $ 6 min walk
Minga Korean $$$ 7 min walk
Tandoor Indian Restaurant - $$$ 9 min walk
Osteria Georgi Italian $$$ 10 min walk
CAVA - - 11 min walk
Great Harvest Bread Co - - 13 min walk
Clean Juice - - 13 min walk
Stoney River Steakhouse & Grill Steakhouse $$$ 14 min walk

Retail

Edward Jones Finance Company 5 min walk
Walgreens Drug Store 5 min walk
Circle K Convenience Market 5 min walk
United States Postal Service Business/Copy/Postal Services 7 min walk
State Farm Insurance 9 min walk
Hollywood Feed Pet Shop/Supplies 11 min walk
Eat the Frog Fitness Fitness 11 min walk
The Good Feet Store Other Retail 11 min walk
Whole Foods Market Supermarket 11 min walk

Hotels

Autograph Collection
79 rooms
2 min drive
Tru by Hilton
98 rooms
4 min drive
Quality Inn
119 rooms
5 min drive
Sheraton Hotel
168 rooms
5 min drive
Residence Inn
108 rooms
5 min drive
aloft Hotel
130 rooms
6 min drive

Leasing Agent

Leasing Agent

(919) 420-1573
Contact
Arnold Siegmund, Principal, Landlord Representation
(919) 420-1573
Contact
Arnold specializes in office leasing in the Durham and Chapel Hill markets. Before joining the company in 1998, he sold systems office furniture in the Triangle market for six years. He has over 15 years of sales and marketing experience and has developed a broad understanding of the vibrant and ever-changing Triangle market. Arnold has worked with a wide range of companies and knows how to develop solutions for each business to achieve its goals. Dedication, determination and integrity are qualities that help Arnold build long-term relationships with both the small business owner and the large corporate executive. Clients with whom he has worked include Wachovia Bank, Insomniac Games, CMP America, U.S. EPA, Blue Cross/Blue Shield of NC, Bank of America, SciQuest Inc., Rambus, Inc., Coastal Federal Credit Union, U.S. Dept. of Veteran Affairs and Duke University.
Arnold is a member of the Knights of Columbus and serves as a coach for the Capital Area Soccer League (CASL).

About the Owner

Read More
  • Listing ID: 33870064

  • Date on Market: 7/30/2024

  • Last Updated:

  • Address: 1516 E Franklin St, Chapel Hill, NC 27514

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