MORRISVILLE – CBRE Raleigh will be in charge of leasing at the revemped Morrisville Outlet Mall, which is being converted into office space and will be known as The Stitch.

Construction is expected to be completed by next spring Equator Capital Management and OCS Capital announced it had purchased the mall, which dates to 1981, earlier this year.

Plans call for the conversion of the mall into 245,000 square feet of Class A commercial office space.

CBRE Raleigh

“The Stitch is truly a unique offering in that it is very difficult to find creative office environments in suburban product. It is really exciting to see life being brought back to what has been a ghost town for over a decade,” said Mehul Patel, chief executive officer of Equator Capital Management.

“This is an irreplaceable location, being at the very center of the Triangle directly off I-40, next to the RDU International airport and Umstead Park.”

John Brewer and Hastings Jones  will handle the leasing efforts for the project. They are part of CBRE’s Investor Leasing group.

CBRE, a commercial real estate services and investment firm, stands for Coldwell Banker Richard Ellis.

Last year, the Raleigh group “completed 414 lease transactions encompassing 5.1 million square feet worth $573 million, and 107 sales transactions worth $1.3 billion,” according to its website.

“The adaptive re-use project, consisting of approximately 248,000 square feet of space, will completely transform the vacant shopping mall into a creative Class A office workplace,” CBRE noted in the announcement.

“Features of the 25-acre property will include a complete modernization of the building’s exterior design, with newly landscaped outdoor seating areas surrounding the building, a turf yoga lawn and bocce court, a food truck court and other outdoor amenities that encourage community and connectivity.”

Raleigh-based Gensler is the architecture firm heading the project.

Connecticut-based lender, Knighthead Funding, is providing a $34 million loan for the conversion of the mall.

Lender provides $34M for revamping of former Morrisville Outlet Mall as office campus