{"id":1004084695,"date":"2013-10-04T08:00:59","date_gmt":"2013-10-04T16:00:59","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=192093"},"modified":"2020-04-27T23:01:05","modified_gmt":"2020-04-28T07:01:05","slug":"lexisnexis-chooses-120000-sq-ft-in-centennial-campus-for-expansion","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lexisnexis-chooses-120000-sq-ft-in-centennial-campus-for-expansion\/","title":{"rendered":"LexisNexis Chooses 120,000-Sq.-Ft. in Centennial Campus for Expansion"},"content":{"rendered":"<p><!--[if gte mso 9]><xml><br \/>\n<o:OfficeDocumentSettings><br \/>\n<o:AllowPNG\/><br \/>\n<\/o:OfficeDocumentSettings><br \/>\n<\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml><br \/>\n<w:WordDocument><br \/>\n<w:View>Normal<\/w:View><br \/>\n<w:Zoom>0<\/w:Zoom><br \/>\n<w:TrackMoves\/><br \/>\n<w:TrackFormatting\/><br \/>\n<w:HyphenationZone>21<\/w:HyphenationZone><br \/>\n<w:PunctuationKerning\/><br 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Name=\"Book Title\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"37\" Name=\"Bibliography\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"39\" QFormat=\"true\" Name=\"TOC Heading\"\/><br \/>\n<\/w:LatentStyles><br \/>\n<\/xml><![endif]--><!--[if gte mso 10]><\/p>\n\n\n\n\n<style>\n \/* Style Definitions *\/\n table.MsoNormalTable\n\t{mso-style-name:\"Table Normal\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-priority:99;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0cm 5.4pt 0cm 5.4pt;\n\tmso-para-margin-top:0cm;\n\tmso-para-margin-right:0cm;\n\tmso-para-margin-bottom:10.0pt;\n\tmso-para-margin-left:0cm;\n\tline-height:115%;\n\tmso-pagination:widow-orphan;\n\tfont-size:11.0pt;\n\tfont-family:\"Calibri\",\"sans-serif\";\n\tmso-ascii-font-family:Calibri;\n\tmso-ascii-theme-font:minor-latin;\n\tmso-hansi-font-family:Calibri;\n\tmso-hansi-theme-font:minor-latin;\n\tmso-fareast-language:EN-US;}\n<\/style>\n\n\n\n\n<p><![endif]--><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/10\/1801-Varsity-Drive.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-192102\" title=\"1801 Varsity Drive\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/10\/1801-Varsity-Drive.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>by Adriana Pop, Associate Editor<\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Legal research firm LexisNexis has announced it would relocate its software division from Cary to Raleigh to accommodate the company\u2019s growth. According to the <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.bizjournals.com\/triangle\/news\/2013\/09\/26\/lexisnexis-picks-centennial-campus-for.html\" target=\"_blank\" rel=\"nofollow\">Triangle Business Journal<\/a><\/em>, LexisNexis will occupy the 120,000-square-foot office building on Centennial Campus that technology firm Red Hat had vacated earlier this year when it relocated to downtown Raleigh. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The new location at 1801 Varsity Drive (pictured) will more than double the space LexisNexis currently occupies in Cary and provide room for up to 650 employees. The expansion will enable the company to fulfill its commitment made to the state in February 2012 to develop a \u201cSoftware Center of Excellence\u201d in North Carolina and create 350 new jobs by 2017. <span style=\"mso-spacerun: yes;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"mso-spacerun: yes;\">\u00a0<\/span>\u201cOur new office location, centered in the midst of one of the most vibrant and dynamic learning institutions for engineering in the country, is inherently beneficial to employees and customers alike,\u201d Michael Lipps, vice president and managing director for the LexisNexis BLSS business, said in a statement. \u201cCentennial Campus is brimming with passion, enthusiasm and ideas for technology innovation; the university location literally represents the intersection of theoretical research with practical application.\u201d<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">If it meets its hiring and investment requirements, LexisNexis will receive a Job Development Investment Grant of nearly $9 million from the North Carolina Department of Commerce. The company currently employs 247 people at 2000 Regency Parkway in Cary and expects to complete its relocation by the end of 2014. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In other news, the <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.newsobserver.com\/2013\/09\/30\/3242370\/apartment-developer-buys-land.html\" target=\"_blank\" rel=\"nofollow\">NewsObserver<\/a><\/em> reports that Greystar Real Estate Partners of Charleston, S.C. has acquired a 2-acre site on the north side of downtown Raleigh, where it plans to develop a new apartment community. <span style=\"mso-spacerun: yes;\">\u00a0<\/span>LNR Property Corp., the lead developer behind the Blount Street Commons project, sold the property for $4.7 million. <\/span><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\">Photo credits: www.loopnet.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Legal research firm LexisNexis has announced it would relocate its software division from Cary to Raleigh to accommodate the company&rsquo;s growth. According to the Triangle Business Journal, LexisNexis will occupy the 120,000-square-foot office building on Centennial Campus that technology firm Red Hat had vacated earlier this year when it relocated to downtown Raleigh.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1604],"tags":[1815,39465],"class_list":["post-1004084695","post","type-post","status-publish","format-standard","hentry","category-latest","category-raleigh-durham","tag-national","tag-raleigh-durham"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LexisNexis Chooses 120,000-Sq.-Ft. in Centennial Campus for Expansion - 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\/lexisnexis-chooses-120000-sq-ft-in-centennial-campus-for-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LexisNexis Chooses 120,000-Sq.-Ft. in Centennial Campus for Expansion\" \/>\n<meta property=\"og:description\" content=\"Legal research firm LexisNexis has announced it would relocate its software division from Cary to Raleigh to accommodate the company&rsquo;s growth. 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