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Penny Furniture Co 111 E Chapel Hill St 1,300 - 4,200 SF of Office Space Available in Durham, NC 27701
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 200 and 201 | 2,900 SF | Negotiable | $30.38 CAD/SF/YR $2.53 CAD/SF/MO $88,089 CAD/YR $7,341 CAD/MO | Plus All Utilities | ||
| 2nd Floor, Ste 201 | 1,300 SF | Negotiable | $30.38 CAD/SF/YR $2.53 CAD/SF/MO $39,488 CAD/YR $3,291 CAD/MO | Plus All Utilities |
2nd Floor, Ste 200 and 201
This is a rare opportunity to lease the entire second floor of the historic Penny Furniture Building — over 3,000 sq ft of architecturally striking space in the heart of downtown Durham, designed by Center Studio Architecture. Take the full floor, or lease the loft and office suite separately — the choice is yours. The full floor comprises two distinct areas: a 1,700 sq ft residential loft and a 1,300 sq ft rear office suite, each with its own character and infrastructure, yet seamlessly connected for live/work or fully commercial use. The loft features an expansive open floor plan, exposed brick walls, stained concrete floors, custom steel metalwork, soaring ceilings, and a chef's kitchen with concrete countertops. The rear office suite operates independently with its own bathroom, kitchenette, hardwood floors, and private rear entrance — ideal for a separate team, studio, or client-facing operation. Together, the spaces offer flexibility that's nearly impossible to find downtown: use the full floor as a bold commercial headquarters, a creative campus, or a combined live/work environment entirely on your own terms.
- Listed lease rate plus proportional share of utilities
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Partitioned Offices
- Conference Rooms
- Space is in Excellent Condition
- Central Heating System
- Exposed Ceiling
- Natural Light
- Open-Plan
2nd Floor, Ste 201
This is a rare opportunity to lease the entire second floor of the historic Penny Furniture Building — over 3,000 sq ft of architecturally striking space in the heart of downtown Durham, designed by Center Studio Architecture. Take the full floor, or lease the loft and office suite separately — the choice is yours. The full floor comprises two distinct areas: a 1,700 sq ft residential loft and a 1,300 sq ft rear office suite, each with its own character and infrastructure, yet seamlessly connected for live/work or fully commercial use. The loft features an expansive open floor plan, exposed brick walls, stained concrete floors, custom steel metalwork, soaring ceilings, and a chef's kitchen with concrete countertops. The rear office suite operates independently with its own bathroom, kitchenette, hardwood floors, and private rear entrance — ideal for a separate team, studio, or client-facing operation. Together, the spaces offer flexibility that's nearly impossible to find downtown: use the full floor as a bold commercial headquarters, a creative campus, or a combined live/work environment entirely on your own terms.
- Listed lease rate plus proportional share of utilities
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Penny Furniture Co
- Tenant
- Description
- US Locations
- Reach
- Alta Planning + Design
- Other Services
- 21
- International
- N Baxter Design
- Business/Copy/Postal Services
- 1
- Local
- Samet
- Construction
- -
- -
- Woodside Partners LLC
- Real Estate
- 1
- -
| Tenant | Description | US Locations | Reach |
| Alta Planning + Design | Other Services | 21 | International |
| N Baxter Design | Business/Copy/Postal Services | 1 | Local |
| Samet | Construction | - | - |
| Woodside Partners LLC | Real Estate | 1 | - |
Property Facts
| Total Space Available | 4,200 SF | Gross Leasable Area | 5,582 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Office | Cross Streets | Morris St |
| Total Space Available | 4,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 5,582 SF |
| Year Built | 1900 |
| Cross Streets | Morris St |
Features and Amenities
- Bus Line
- Signage
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Contacts
-
Green Street Enterprises LLC Cynthia Hill -
Brickhouse Capital Partners Jordan Rehlaender
- Green Street Enterprises LLC
Presented by
Green Street Enterprises LLC
Penny Furniture Co | 111 E Chapel Hill St
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