Longfellow Acquires Perimeter’s Edge's five-building campus in Research Triangle, NC

 Jessica Brock.

RESEARCH TRIANGLE, NC -- Feb. 3, 2020 -- Longfellow Real Estate Partners, which invests in life science, lab and innovation space across the U.S., announced today the acquisition of Perimeter’s Edge, a 399,072 square foot portfolio of five office/flex single-story buildings adjacent to Research Triangle Park. 

Perimeter’s Edge is part of a larger array of buildings and amenities known as Perimeter Park strategically located between RTP proper, RDU International Airport and the region’s major cities.

The five buildings that make up Perimeter’s Edge are 2400 Perimeter Park, 2450 Perimeter Park, 2600 Perimeter Park, 507 Airport Blvd and 5151 McCrimmon Pkwy. Images are here.    

The five buildings that make up Perimeter’s Edge are 2400 Perimeter Park, 2450 Perimeter Park, 2600 Perimeter Park, 507 Airport Boulevard and 5151 McCrimmon Parkway.

Ahead for the portfolio, which opened in 1990 and was refurbished in 2002:

·    Longfellow will begin a series of capital improvements, including facade and landscape enhancements. 

·    Longfellow will implement its proprietary amenities and hospitality program, Elevate, which aims to redefine workplaces with lifestyle perks.

·    Longfellow will eventually convert vacant suites to state-of-the-art lab space. 

The approach is similar to transformations Longfellow has successfully undertaken elsewhere, including at RTP’s Venture at Imperial Center.

Keystone Technology Park

 Longfellow acquired Venture in 2015 and set out to remake it. The 142,746 SF Venture is now 100 percent leased. Similarly, Longfellow recently acquired and is upfitting properties in Palo Alto, San Diego and San Francisco.

CONTACT:

Billy Warden 

bwarden@gbwstrategies.com

Principal | 919.412.0630 | @BillyWarden