Tuesday, November 25, 2014

Lincoln Harris Brokers Ipreo’s 23,230-Square-Foot Expansion at One Bank of America Plaza in Raleigh, NC

Kaler Walker
RALEIGH, NC — Lincoln Harris has brokered Ipreo’s 23,228-square-foot expansion at One Bank of America Plaza in downtown Raleigh. Ipreo, which provides market data and software to capital markets and corporate professionals, has more than doubled the space it occupies at the 17-story, Class A building and now leases over 45,000 square feet at One Bank of America Plaza.

Kaler Walker, vice president of office leasing in Lincoln Harris’ Raleigh office, represented Ipreo in the transaction. Hillman Duncan of Cassidy Turley and John Hogan of Highwoods Properties represented the landlord.

“This is tremendously exciting news not only for the Raleigh office market, but for the area economy as a whole,” Walker said. “It signals the further strengthening of Raleigh’s already vibrant technology sector, and it paves the way for the addition of many jobs.”

Ipreo moved into the building in the spring of 2013, planning to hire approximately 150 employees in the first 12 months. Given its continued global growth, Ipreo has exceeded its initial hiring plans and continues to hire in Raleigh, triggering the need for an additional floor.

Hillman Duncan
“We’re thrilled by the success we’ve had in launching and growing our Raleigh operation,” said O’Hara Macken, EVP & Managing Director at Ipreo.

“North Carolina and the City of Raleigh have more than fulfilled our expectations as both a thriving business community and a source for recruiting high-caliber talent.

“We appreciate the support Lincoln Harris has provided us since the beginning and are very happy with both the building and the central downtown location. 

"We’re pleased to make this new investment in expanding our space here to support our continued growth.”

O'Hara Macken
The announcement of Ipreo’s expansion comes just months after One Bank of America Plaza changed ownership hands. Highwoods Properties bought the 374,000-square-foot building, one of the largest in the Triangle Area, for $92.3 million in September.

Strategically located on Fayetteville Street in City Plaza, One Bank of America Plaza is near the Progress Energy Center for the Performing Arts, Red Hat Amphitheater, Raleigh Convention Center and the four-star Marriott Hotel. Other amenities include 24/7 security, fitness center, conference center and a Bank of America branch.

For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

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