{"id":1004053049,"date":"2012-07-06T17:54:45","date_gmt":"2012-07-07T01:54:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=55587"},"modified":"2022-12-03T19:44:57","modified_gmt":"2022-12-04T03:44:57","slug":"united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/","title":{"rendered":"United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M"},"content":{"rendered":"

\"\"<\/a>by Adriana Pop, Associate Editor<\/p>\n

United Therapeutics Corp. has paid GlaxoSmithKline $17.5 million for the purchase of three buildings in the Research Triangle Park. The property sits on 135 acres of land adjacent to United Therapeutics’ 55-acre manufacturing facility and encompasses approximately 720,000 square feet of office and laboratory research space. The Research Triangle Park’s distinctive Elion-Hitchings building on Cornwallis Road was included in the sale.<\/p>\n

According to Andrew Fisher, United Therapeutics\u2019 executive vice president and chief strategy officer, the new acquisition paves the way for the company\u2019s growth. The Maryland-based drug manufacturer has more than 100 employees at the site and expects to reach up to 350 workers.<\/p>\n

The Triangle Business Journal<\/em> reports that United Therapeutics will soon finalize construction of the $76 million, 180,000-square-foot\u00a0Research Triangle Park\u00a0campus expansion where it plans to manufacture, package and label a new pulmonary hypertension drug treatment called oral treprostinil. The company expects to reach $1 billion in revenues next year.<\/p>\n

GlaxoSmithKline has almost completed the consolidation of its operations at the Moore Drive campus in\u00a0the Research Triangle Park\u00a0and has 107 acres available for sale at 3029 E. Cornwallis Road. Raleigh-based brokers David Finger of Cassidy Turley and Jim Allaire represented the company in the transaction, the newspaper reports.<\/p>\n

In other news, developer Neal Coker\u2019s Burcam Capital II LLC, owner of 510 Glenwood building in Raleigh, has filed a Chapter 11 petition to avoid foreclosure on the property\u2019s lower floors and adjacent 450-space parking deck. The company cited both assets and liabilities within a $10 million to $50 million range.<\/p>\n

Burcam Capital II stopped making mortgage payments in August last year and was unable to renegotiate the terms of the $13 million loan it took out in 2003. According to the NewsObserver<\/em>, the company had sold the building\u2019s residential condominiums situated on the top three floors, while retaining ownership of the approximately 50,000 square feet of office and retail space. The bankruptcy filing will have no impact the property\u2019s commercial tenants, the company said.<\/p>\n

Photo credits: alpolic-usa.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

by Adriana Pop, Associate Editor United Therapeutics Corp. has paid GlaxoSmithKline $17.5 million for the purchase of three buildings in the Research Triangle Park. The property sits on 135 acres of land adjacent to United Therapeutics’ 55-acre manufacturing facility and encompasses approximately 720,000 square feet of office and laboratory research space. The Research Triangle Park’s […]<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1604],"tags":[1815],"class_list":["post-1004053049","post","type-post","status-publish","format-standard","hentry","category-latest","category-raleigh-durham","tag-national"],"acf":[],"yoast_head":"\nUnited Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M\" \/>\n<meta property=\"og:description\" content=\"by Adriana Pop, Associate Editor United Therapeutics Corp. has paid GlaxoSmithKline $17.5 million for the purchase of three buildings in the Research Triangle Park. The property sits on 135 acres of land adjacent to United Therapeutics’ 55-acre manufacturing facility and encompasses approximately 720,000 square feet of office and laboratory research space. The Research Triangle Park’s [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-07T01:54:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T03:44:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/united-therapeutics-1.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/\",\"name\":\"United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/united-therapeutics-1.jpg\",\"datePublished\":\"2012-07-07T01:54:45+00:00\",\"dateModified\":\"2022-12-04T03:44:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/united-therapeutics-1.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/united-therapeutics-1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/","og_locale":"en_US","og_type":"article","og_title":"United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M","og_description":"by Adriana Pop, Associate Editor United Therapeutics Corp. has paid GlaxoSmithKline $17.5 million for the purchase of three buildings in the Research Triangle Park. The property sits on 135 acres of land adjacent to United Therapeutics’ 55-acre manufacturing facility and encompasses approximately 720,000 square feet of office and laboratory research space. The Research Triangle Park’s [...]","og_url":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-07-07T01:54:45+00:00","article_modified_time":"2022-12-04T03:44:57+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/united-therapeutics-1.jpg","type":"","width":"","height":""}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/","url":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/","name":"United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/united-therapeutics-1.jpg","datePublished":"2012-07-07T01:54:45+00:00","dateModified":"2022-12-04T03:44:57+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/united-therapeutics-1.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/united-therapeutics-1.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/united-therapeutics-buys-3-buildings-in-research-triangle-park-for-17-5m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004053049"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053049\/revisions"}],"predecessor-version":[{"id":1004536156,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053049\/revisions\/1004536156"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004053049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004053049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004053049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}