{"id":1004328461,"date":"2019-06-03T01:29:59","date_gmt":"2019-06-03T09:29:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004328461"},"modified":"2019-06-03T06:35:37","modified_gmt":"2019-06-03T14:35:37","slug":"pendo-preleases-125-ksf-in-future-raleigh-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/","title":{"rendered":"Fallon Co. Pre-Leases 125 KSF for Raleigh Tower"},"content":{"rendered":"
\"\"<\/a>

301 Hillsborough St. Rendering courtesy of The Fallon Company<\/i><\/p><\/div>\n

Software startup Pendo has inked a deal with The Fallon Co. to move its corporate headquarters to an upcoming Class A tower in downtown Raleigh, N.C., where it will occupy 125,000 square feet. The 19-story, 300,000-square-foot building is scheduled for completion in the last quarter of 2021. Pendo is expected to shift all its employees there in early 2022.<\/p>\n

The company will move to the future tower at 301 Hillsborough St. from its current location in the Wells Fargo Capitol Center at 150 Fayetteville St. a few blocks to the east. Pendo will take up five stories in the new tower, which will anchor a new 1.7-acre mixed-use development by The Fallon Co. To be built in two phases, the overall project designed by Duda | Paine Architects will feature hotel, retail and residential space in addition to the prime office building.<\/p>\n

Pendo, which has roughly 250 employees in its current location according to a report in The News & Observer<\/em>, plans to add 590 jobs in Raleigh over the next five years. The homegrown startup has 337 employees globally, having bagged $106 million in venture capital funding over the past four years\u2014making it a standout performer among software companies in North Carolina\u2019s Research Triangle region.<\/p>\n

JLL research indicated last year that office properties under construction in Raleigh have an average preleasing rate of 50 percent<\/a>, amid an attractive business climate in the Triangle region, which also includes Durham and Chapel Hill.<\/p>\n

Raising Southern profile<\/h2>\n

Mixed-use urban developer The Fallon Co., which built the Fan Pier waterfront neighborhood<\/a> in Boston\u2019s Seaport District, purchased the city block at 301 Hillsborough St. in 2017 for $17 million. Developers Lundy Group and High Street Holdings had assembled the five-parcel site.<\/p>\n

With additional projects in Boston, Charlotte and New York City, The Fallon Co. has developed more than 6 million square feet of properties totaling $5 billion. In 2017, the Boston-based firm acquired a 12-story office building<\/a> in Charlotte\u2019s Second Ward to serve as its regional headquarters, paying $24.5 million for the property, according to Yardi Matrix data.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pendo, a tech startup, will move its headquarters to the Class A office building, part of the Fallon Co.’s planned mixed-use development in downtown Raleigh.<\/p>\n","protected":false},"author":744,"featured_media":1004328464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21742,21747,1604],"tags":[38601,32796,45779,36642],"class_list":["post-1004328461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-latest","category-office","category-raleigh-durham","tag-dudapaine-architects","tag-jll","tag-pendo","tag-the-fallon-company"],"acf":[],"yoast_head":"\nFallon Co. Pre-Leases 125 KSF for Raleigh Tower - 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\/pendo-preleases-125-ksf-in-future-raleigh-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fallon Co. Pre-Leases 125 KSF for Raleigh Tower\" \/>\n<meta property=\"og:description\" content=\"Pendo, a tech startup, will move its headquarters to the Class A office building, part of the Fallon Co.'s planned mixed-use development in downtown Raleigh.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/\" \/>\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=\"2019-06-03T09:29:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-03T14:35:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Isaacson\" \/>\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\/pendo-preleases-125-ksf-in-future-raleigh-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/\",\"name\":\"Fallon Co. Pre-Leases 125 KSF for Raleigh Tower - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg\",\"datePublished\":\"2019-06-03T09:29:59+00:00\",\"dateModified\":\"2019-06-03T14:35:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg\",\"width\":800,\"height\":620,\"caption\":\"301 Hillsborough St. Rendering courtesy of The Fallon Company\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fallon Co. Pre-Leases 125 KSF for Raleigh Tower\"}]},{\"@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\/1a92010198045e41b0b801129a41b3d8\",\"name\":\"Greg Isaacson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g\",\"caption\":\"Greg Isaacson\"},\"description\":\"Greg Isaacson is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. He has been writing about the real estate industry in the U.S. and Asia Pacific since 2014. Connect with him on Twitter: @gregisaacson\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gregisaacson\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fallon Co. Pre-Leases 125 KSF for Raleigh Tower - 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\/pendo-preleases-125-ksf-in-future-raleigh-tower\/","og_locale":"en_US","og_type":"article","og_title":"Fallon Co. Pre-Leases 125 KSF for Raleigh Tower","og_description":"Pendo, a tech startup, will move its headquarters to the Class A office building, part of the Fallon Co.'s planned mixed-use development in downtown Raleigh.","og_url":"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-06-03T09:29:59+00:00","article_modified_time":"2019-06-03T14:35:37+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg","type":"image\/jpeg"}],"author":"Greg Isaacson","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\/pendo-preleases-125-ksf-in-future-raleigh-tower\/","url":"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/","name":"Fallon Co. Pre-Leases 125 KSF for Raleigh Tower - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg","datePublished":"2019-06-03T09:29:59+00:00","dateModified":"2019-06-03T14:35:37+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg","width":800,"height":620,"caption":"301 Hillsborough St. Rendering courtesy of The Fallon Company"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Fallon Co. Pre-Leases 125 KSF for Raleigh Tower"}]},{"@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\/1a92010198045e41b0b801129a41b3d8","name":"Greg Isaacson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g","caption":"Greg Isaacson"},"description":"Greg Isaacson is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. He has been writing about the real estate industry in the U.S. and Asia Pacific since 2014. Connect with him on Twitter: @gregisaacson","url":"https:\/\/www.commercialsearch.com\/news\/author\/gregisaacson\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328461","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\/744"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004328461"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328461\/revisions"}],"predecessor-version":[{"id":1004328710,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328461\/revisions\/1004328710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004328464"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004328461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004328461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004328461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}