Intersouth Partners Signs Lease Agreement to Move to Historic Fire Station #1
Early-stage venture capital firm continues commitment to Durham with move to Rogers Alley Fire Station historically renovated by Greenfire Development
June 11, 2013 – Durham, NC – Intersouth Partners, an early stage venture fund based in Durham, announced today it has signed a lease agreement to move its offices to Durham’s Historic Fire Station #1 at Rogers Alley.
The firm, a corporate resident of Durham since its inception in 1985, will occupy space in the building, which was restored by Greenfire Development in 2007. Originally built around 1890, the Fire Station was the home of the Golden Belt Hose Company’s primarily volunteer firefighting squad. Rebuilt in 1924, the fire house was designed for Durham’s then-recently created professional fire department.
“Downtown Durham is home to many members of the Triangle’s start-up community and we love being in the center of that creativity and energy,” said Dennis Dougherty, Intersouth Partners founding partner. “As early-stage venture capital investors, our top priority is to support entrepreneurial spirit and growth. The revitalization of downtown Durham and our move to the Fire Station at Rogers Alley is a physical extension of that philosophy.”
“It’s great to have another quality tenant like Intersouth Partners move into Rogers Alley. The demand for interesting space in the City Center continues to grow.” said Paul Smith, Managing Partner of Greenfire Development.
Intersouth’s new address, beginning July 1, will be 102 City Hall Plaza, Suite 200, Durham, North Carolina 27701.
About Intersouth Partners
Located in Durham, North Carolina, Intersouth Partners is one of the largest and most experienced early stage venture funds in the Southeast, having invested in more than 115 private companies. Founded in 1985, Intersouth Partners manages $780 million in seven venture capital limited partnerships, focused on the technology and life sciences sectors. Visit www.intersouth.com or follow @intersouth for more information.
About Greenfire Development
Greenfire Development is a Durham, North Carolina-based community development company. Its focus is on the revitalization of underutilized and historic inner-city properties. Greenfire owns and manages almost one million square feet of space in downtown Durham. For more information about the company, visit www.greenfiredevelopment.com.
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