(Raleigh, NC – Nov. 12, 2013) The Raleigh office of Duke Realty Corporation (Duke Realty) today announced that it is constructing another, new Class A office building in Perimeter Park, its mixed-use development in Morrisville. The development of this 245,352-square foot, six-story building, which will be known as Perimeter Three, comes just six months after Duke Realty began constructing Perimeter Two, a 206,409-square foot building that is now 94 percent preleased. Teleflex, a medical device company, currently located in Durham, will relocate into 130,000 square feet in Perimeter Three when the building is complete in September 2014.
“We are very pleased that Teleflex has selected Perimeter Park for its expanding operations. Our ability to offer this new customer the space they need in a new, first-class building, along with Perimeter Park’s superior location in the Morrisville submarket, were important factors in Teleflex’s decision to locate here,” said Jeff Sheehan, Senior Vice President of Duke Realty’s Raleigh operations. “Perimeter Park continues to attract interest from many leading companies because of its proximity to I-540 and Raleigh-Durham International Airport, the amenities within the park and access to a strong workforce. With the development of Perimeter Three and other development sites we have available in Perimeter Park, we will be able to continue to respond to other companies interested in locating their operations in this dynamic submarket.”
Perimeter Three will be located adjacent to Perimeter One just off Carrington Mill Blvd. and visible from I-540. The building will feature approximately 42,000-square foot floor plates for maximum space planning flexibility, three passenger elevators, and high-end finishes in the common areas. The modern, exterior of the building will be composed of architectural precast concrete and glass panels. Construction on Perimeter Three is already underway.
Teleflex will join four other companies that will be moving into Duke Realty’s two new Perimeter Park office buildings when they are complete. SciQuest, a leading provider of cloud-based business automation solutions for spend management, has leased 78,565 square feet in Perimeter Two and Fujifilm Medical Systems, a leading provider of medical image and information products and technologies, will occupy 42,456 square feet in the building. Compliance Implementation Services, a consulting firm focused on helping life sciences clients proactively manage complex compliance requirements, will lease 23,089 square feet, while MaxPoint Interactive, which specializes in neighborhood targeting technology, has signed a lease for 42,715 square feet.
Parties interested in leasing remaining space in Perimeter Two, Perimeter Three or any of Duke Realty’s available properties in the Triangle are invited to contact Hooker Manning at firstname.lastname@example.org or 919.461.8004.
About Perimeter Park
Duke Realty’s Perimeter Park is a master-planned office and industrial park with more than 3.1 million square feet of existing space, and land available for up to another 1.5 million square feet of development. Located less than one mile from Raleigh-Durham International Airport, Perimeter Park is directly accessible from I-40 and I-540. Numerous convenient amenities are located within the Park including a fitness center, conference center, lodging, dining, and medical services. The Park serves as the business address for several major corporations, including Lenovo, Oracle, and PPD.
About Duke Realty
Duke Realty entered the Raleigh market in 1999 and today owns and manages more than 5.5 million square feet, including office, industrial and medical office properties. Duke Realty’s local offices are located at 3005 Carrington Mill Boulevard, Suite 100 in Morrisville.
On a corporate basis, Duke Realty owns and operates approximately 149.3 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.