{"id":1004128033,"date":"2015-09-24T01:24:47","date_gmt":"2015-09-24T09:24:47","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361649"},"modified":"2021-05-10T03:00:19","modified_gmt":"2021-05-10T11:00:19","slug":"longfellow-pays-big-money-for-research-triangle-area-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/longfellow-pays-big-money-for-research-triangle-area-office-park\/","title":{"rendered":"Longfellow Pays Big Money for Research Triangle-Area Office Park"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Longfellow Real Estate Partners<\/a><\/strong>\u2019 portfolio of science and technology space is now among North Carolina\u2019s largest after the company acquired Keystone Technology Park<\/a><\/strong>, a property located at 523 Davis Drive in Morrisville. The property was purchased for $117.7 million, according to the WRAL TechWire<\/a><\/strong>.<\/p>\n

\"Keystone<\/a><\/p>\n

Keystone Technology Park<\/p>\n<\/div>\n

Keystone Technology Park includes 11 single-story, Class A buildings accommodating office, flex, and lab uses totaling 806,000 square feet. With this acquisition, Longfellow\u2019s North Carolina portfolio amounts to more than 1,200,000 square feet.<\/p>\n

\u201cKeystone Technology Park profoundly enhances Longfellow\u2019s growing family of destinations for people and companies striving to do great things — which is what the Research Triangle is all about. While the scale of our North Carolina holdings is important, superior accessibility and quality are what really set us apart. Our experience tells us that tech and life science companies will find significant value in our buildings and in our ability to address their unique requirements and help them succeed,\u201d said Jessica Brock, managing director at Longfellow Real Estate Partners, in prepared remarks.<\/p>\n

Located on almost 80 rolling acres along the eastern edge of the world-renowned Research Triangle Park, the property was home to 25 tenants and was 84 percent leased at the time of the sale. Syngenta, Sensus and Experimental Pathology Laboratories, Inc. are the property\u2019s largest tenants.<\/p>\n

Image courtesy of Keystone Technology Park<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Longfellow Real Estate Partners acquired a 806,000-square-foot technology office property for $117.7 million.<\/p>\n","protected":false},"author":735,"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],"tags":[],"class_list":["post-1004128033","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nLongfellow Pays Big Money for Research Triangle-Area Office Park - 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\/longfellow-pays-big-money-for-research-triangle-area-office-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Longfellow Pays Big Money for Research Triangle-Area Office Park\" \/>\n<meta property=\"og:description\" content=\"Longfellow Real Estate Partners acquired a 806,000-square-foot technology office property for $117.7 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/longfellow-pays-big-money-for-research-triangle-area-office-park\/\" \/>\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=\"2015-09-24T09:24:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T11:00:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Keystone-Technology-Park.jpg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\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\/longfellow-pays-big-money-for-research-triangle-area-office-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/longfellow-pays-big-money-for-research-triangle-area-office-park\/\",\"name\":\"Longfellow Pays Big Money for Research Triangle-Area Office Park - 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She joined the team in 2015 as associate editor and covered commercial, residential and student housing news assignments. 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