{"id":1004289644,"date":"2019-01-04T07:44:50","date_gmt":"2019-01-04T15:44:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004289644"},"modified":"2022-12-08T19:01:56","modified_gmt":"2022-12-09T03:01:56","slug":"cook-medical-acquires-850-ksf-facility-in-nc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cook-medical-acquires-850-ksf-facility-in-nc\/","title":{"rendered":"Cook Medical Acquires 850 KSF Facility in NC"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004289650\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/RJ-Reynolds.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004289650\" data-attachment-id=\"1004289650\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cook-medical-acquires-850-ksf-facility-in-nc\/rj-reynolds\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/RJ-Reynolds.jpg\" data-orig-size=\"893,670\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1546616417&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"RJ Reynolds\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/RJ-Reynolds.jpg?w=893\" class=\"wp-image-1004289650 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/RJ-Reynolds.jpg\" alt=\"Part of the former R.J. Reynolds campus \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/RJ-Reynolds.jpg 893w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/RJ-Reynolds.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/RJ-Reynolds.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004289650\" class=\"wp-caption-text\">Part of the former R.J. Reynolds campus<\/p><\/div>\n<p>Cook Medical, a designer, developer and manufacturer of medical devices used to perform minimally invasive medical procedures, has acquired an 850,000-square-foot building in Whitaker Park, a redeveloped Winston-Salem business park. The company completed the agreement with Whitaker Park Development Authority Inc. for the purchase and will begin converting a portion of the former R.J. Reynolds building into a manufacturing facility this year.<\/p>\n<p>Built in 1961, the industrial property was formerly used to house a cigarette plant until Reynolds announced in May 2010 its intention to shift production to its two million-square-foot plant in Tobaccoville, N.C., according to the <em>Winston-Salem Journal<\/em>.<\/p>\n<p>Cook Medical\u2019s current workforce of more than 650 employees in Winston-Salem will be relocated to the new facility. Renovations are slated to be completed by the end of 2019, with production scheduled to begin in late 2021. The company anticipates adding 50 new jobs over the next decade.<\/p>\n<p><em>\u201cWe see Whitaker Park as an impact project in that we are converting a facility that manufactured cigarettes into a modern facility producing life-saving medical devices. We\u2019ve been in Winston-Salem since 1983, and acquiring the Whitaker Park facility signifies a renewed commitment to this community,\u201d<\/em> said Barry Slowey, president of Cook Medical\u2019s Winston-Salem location, in a prepared statement.<\/p>\n<p>The need for industrial space in the Triad is healthy, according to a third quarter CBRE report. In June, Somerset Properties and Thackery Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/somerset-properties-jv-sells-5-building-nc-industrial-portfolio\/\">sold Airport Distribution Center, a five-building&nbsp;portfolio<\/a> in Greensboro, N.C., for $32.2 million.<\/p>\n<p><em>Image via Google Street View &nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The medical devices manufacturer intends to relocate all local workforce to the former R.J. Reynolds Tobacco Co. plant in Winston-Salem\u2019s Whitaker Park. <\/p>\n","protected":false},"author":238,"featured_media":1004289650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742],"tags":[43586,43583],"class_list":["post-1004289644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","tag-cook-medical","tag-reynolds-american"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cook Medical Acquires 850 KSF Facility in NC - 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\/cook-medical-acquires-850-ksf-facility-in-nc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cook Medical Acquires 850 KSF Facility in NC\" \/>\n<meta property=\"og:description\" content=\"The medical devices manufacturer intends to relocate all local workforce to the former R.J. 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