{"id":1004632923,"date":"2022-11-29T04:17:57","date_gmt":"2022-11-29T12:17:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004632923"},"modified":"2022-12-09T02:55:46","modified_gmt":"2022-12-09T10:55:46","slug":"oak-street-buys-213m-research-triangle-park-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/","title":{"rendered":"Oak Street Acquires $213M Research Triangle Park Asset"},"content":{"rendered":"
\"\"

Syngenta RTP Innovation Center<\/p><\/div>\n

Oak Street Real Estate Capital<\/strong>, part of Blue Owl Capital<\/strong>, has acquired Syngenta RTP Innovation Center, a 336,000-square-foot life science campus in North Carolina\u2019s Research Triangle Park. Syngenta<\/strong> sold the Class A property for $213.3 million, according to Durham County records, in a sale-leaseback transaction.<\/p>\n

The biotechnology firm developed the campus in two phases between 2013 and 2017, on a 50-acre former industrial site. Syngenta then consolidated three other RTP locations at the property that houses the company’s global research and development center for Syngenta Seeds.<\/p>\n

\n

READ ALSO<\/strong>: Life Science Outlook Remains Strong: Cushman & Wakefield<\/a><\/p>\n

\n

Located at 9 Davis Drive in Durham, N.C., the center’s 200,000-square-foot research facility comprises a four-story laboratory wing and three-story administration wing, connected by a three-story atrium, as well as both formal and informal collaborative areas.<\/p>\n

The adjacent, 136,000-square-foot Advanced Crop Lab features 32 growing chambers and a media-prep suite that includes a clean room, mixing lab and environmental media storage areas. The campus is Green Globes certified, attaining three out of four Green Globes for sustainability.<\/p>\n

Syngenta is currently developing a $18 million campus expansion, a 13,000-square-foot insectary. The facility, which will allow for more research on insects, broke ground this April and is expected to complete construction in May 2023.<\/p>\n

Growing at Research Triangle Park<\/h2>\n

RTP, the largest research park in the U.S., has seen several deals within its grounds this year. FUJIFILM recently invested $188 million<\/a> into a cell culture media manufacturing facility at the park, anticipated to open in early 2025.<\/p>\n

In September, CBRE Investment Management acquired a 662,607-square-foot life science campus<\/a>, on behalf of a separate account client. Starwood Capital Group sold the five-building, 95-acre campus for $288.1 million.<\/p>\n

And, in February, Crescent Communities, in partnership with Nuveen Real Estate, added 120 acres<\/a> in Holly Springs, N.C., to The Yield, Crescent\u2019s $500 million, in-progress life science campus. The property could comprise as much as 2 million square feet of biomanufacturing, lab and office space at full build-out.<\/p>\n","protected":false},"excerpt":{"rendered":"

A biotechnology firm sold the Class A property in a sale-leaseback transaction.<\/p>\n","protected":false},"author":3006,"featured_media":1004632927,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1604],"tags":[36411,37350,37056],"class_list":["post-1004632923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-raleigh-durham","tag-green-globes","tag-oak-street-real-estate-capital","tag-research-triangle-park"],"acf":[],"yoast_head":"\nOak Street Acquires $213M Research Triangle Park Asset - CPE<\/title>\n<meta name=\"description\" content=\"Oak Street Real Estate Capital acquired Syngenta RTP Innovation Center, a life science campus in the Research Triangle Park.\" \/>\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\/oak-street-buys-213m-research-triangle-park-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oak Street Acquires $213M Research Triangle Park Asset\" \/>\n<meta property=\"og:description\" content=\"Oak Street Real Estate Capital acquired Syngenta RTP Innovation Center, a life science campus in the Research Triangle Park.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/\" \/>\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=\"2022-11-29T12:17:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:55:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Syngenta-RTP-Center-e1669723852240.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"798\" \/>\n\t<meta property=\"og:image:height\" content=\"598\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\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\/oak-street-buys-213m-research-triangle-park-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/\",\"name\":\"Oak Street Acquires $213M Research Triangle Park Asset - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Syngenta-RTP-Center-e1669723852240.jpg\",\"datePublished\":\"2022-11-29T12:17:57+00:00\",\"dateModified\":\"2022-12-09T10:55:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"Oak Street Real Estate Capital acquired Syngenta RTP Innovation Center, a life science campus in the Research Triangle Park.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Syngenta-RTP-Center-e1669723852240.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Syngenta-RTP-Center-e1669723852240.jpg\",\"width\":798,\"height\":598,\"caption\":\"Oak Street's Research Triangle Park life sciences center\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oak Street Acquires $213M Research Triangle Park Asset\"}]},{\"@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\/366883c93fc1efde412301ab6a4570f9\",\"name\":\"Jordana Rothberg\",\"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\/2022\/09\/Professional-Pic.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96\",\"caption\":\"Jordana Rothberg\"},\"description\":\"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oak Street Acquires $213M Research Triangle Park Asset - CPE","description":"Oak Street Real Estate Capital acquired Syngenta RTP Innovation Center, a life science campus in the Research Triangle Park.","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\/oak-street-buys-213m-research-triangle-park-asset\/","og_locale":"en_US","og_type":"article","og_title":"Oak Street Acquires $213M Research Triangle Park Asset","og_description":"Oak Street Real Estate Capital acquired Syngenta RTP Innovation Center, a life science campus in the Research Triangle Park.","og_url":"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-11-29T12:17:57+00:00","article_modified_time":"2022-12-09T10:55:46+00:00","og_image":[{"width":798,"height":598,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Syngenta-RTP-Center-e1669723852240.jpg","type":"image\/jpeg"}],"author":"Jordana Rothberg","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\/oak-street-buys-213m-research-triangle-park-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/","name":"Oak Street Acquires $213M Research Triangle Park Asset - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Syngenta-RTP-Center-e1669723852240.jpg","datePublished":"2022-11-29T12:17:57+00:00","dateModified":"2022-12-09T10:55:46+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9"},"description":"Oak Street Real Estate Capital acquired Syngenta RTP Innovation Center, a life science campus in the Research Triangle Park.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Syngenta-RTP-Center-e1669723852240.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Syngenta-RTP-Center-e1669723852240.jpg","width":798,"height":598,"caption":"Oak Street's Research Triangle Park life sciences center"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/oak-street-buys-213m-research-triangle-park-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Oak Street Acquires $213M Research Triangle Park Asset"}]},{"@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\/366883c93fc1efde412301ab6a4570f9","name":"Jordana Rothberg","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\/2022\/09\/Professional-Pic.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96","caption":"Jordana Rothberg"},"description":"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.","sameAs":["https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Syngenta-RTP-Center-e1669723852240.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004632923","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\/3006"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004632923"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004632923\/revisions"}],"predecessor-version":[{"id":1004633145,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004632923\/revisions\/1004633145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004632927"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004632923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004632923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004632923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}