{"id":1004656914,"date":"2023-04-12T03:50:29","date_gmt":"2023-04-12T11:50:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004656914"},"modified":"2023-04-12T07:31:34","modified_gmt":"2023-04-12T15:31:34","slug":"jll-tapped-to-lease-490-ksf-research-triangle-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-tapped-to-lease-490-ksf-research-triangle-campus\/","title":{"rendered":"JLL to Lease 490 KSF Research Triangle Campus"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"4619\" height=\"3463\" alt=\"Eastridge at Perimeter Park\" class=\"wp-block-jetpack-slideshow_image wp-image-1004657116\" data-id=\"1004657116\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park.jpg 4619w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park.jpg?resize=2048,1535 2048w\" sizes=\"(max-width: 4619px) 100vw, 4619px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Eastridge at Perimeter Park. All images courtesy of King Street Properties <\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"5338\" height=\"4003\" alt=\"Eastridge at Perimeter Park\" class=\"wp-block-jetpack-slideshow_image wp-image-1004657112\" data-id=\"1004657112\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-2.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-2.jpg 5338w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-2.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-2.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-2.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-2.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-2.jpg?resize=2048,1536 2048w\" sizes=\"(max-width: 5338px) 100vw, 5338px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"5338\" height=\"4003\" alt=\"Eastridge at Perimeter Park\" class=\"wp-block-jetpack-slideshow_image wp-image-1004657113\" data-id=\"1004657113\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-3.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-3.jpg 5338w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-3.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-3.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-3.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-3.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-3.jpg?resize=2048,1536 2048w\" sizes=\"(max-width: 5338px) 100vw, 5338px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"5335\" height=\"4000\" alt=\"Eastridge at Perimeter Park\" class=\"wp-block-jetpack-slideshow_image wp-image-1004657114\" data-id=\"1004657114\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-4.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-4.jpg 5335w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-4.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-4.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-4.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-4.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-4.jpg?resize=2048,1536 2048w\" sizes=\"(max-width: 5335px) 100vw, 5335px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"5333\" height=\"4000\" alt=\"Eastridge at Perimeter Park\" class=\"wp-block-jetpack-slideshow_image wp-image-1004657115\" data-id=\"1004657115\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-5.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-5.jpg 5333w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-5.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-5.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-5.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-5.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park-5.jpg?resize=2048,1536 2048w\" sizes=\"(max-width: 5333px) 100vw, 5333px\" \/><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p><strong>King Street Properties<\/strong> and <strong>Nuveen Real Estate <\/strong>have appointed <strong>JLL <\/strong>as exclusive leasing broker for Eastridge at Perimeter Park, a 490,000-square-foot, nine-building life science park in Morrisville, N.C. Executive Vice Presidents Eric Forshee and John MacDonell will spearhead the <a href=\"https:\/\/www.commercialsearch.com\/news\/a-closer-look-at-tech-layoffs-impact-on-office-leasing\/\">leasing efforts<\/a>.<\/p>\n<p>As revealed by JLL&#8217;s 2022 Life Science Research Outlook report, Raleigh-Durham is the sixth-strongest <a href=\"https:\/\/www.commercialsearch.com\/news\/vc-investment-in-life-science-sector-is-healthy-but-slowing\/\">life science<\/a> cluster in the U.S. and fourth in terms of acquiring talent and commercial real estate assets. The market, which contributed to the delivery of 9.6 million square feet of new space last year, is recognized as one of the leading biomanufacturing hubs in North America, the same source shows.<\/p>\n<h2>A revitalized life science campus<\/h2>\n<p>King Street and Nuveen purchased Eastridge at Perimeter Park in 2020 from Somerset Properties and Alex. Brown Realty, now ABR Capital Partners. Cushman &amp; Wakefield assisted the sellers in the deal.<\/p>\n<p>Since the acquisition, King Street has implemented several enhancements at the 1980s-built property, including revamping the exterior fa\u00e7ades and installing new signage, as well as improving the pedestrian walkways through landscaping and repaving. Additionally, the company has been investing in upgrading the infrastructure of the campus to accommodate a wide range of life science requirements.<\/p>\n<p>In July, King Street has also completed the construction of a 9,000-square-foot amenity building dubbed The Shed. The amenity hub anchors the property and features training and conference spaces, a fitness center with locker rooms and showers, an indoor-outdoor tenant lounge, private collaboration rooms, a caf\u00e9 and a golf simulator lounge.<\/p>\n<p>The Class A campus is adjacent to Airport Boulevard at 100-1000 Perimeter Park Drive, providing connectivity to interstates 40 and 540. Research Triangle Park and Raleigh-Durham International Airport are less than 5 miles from the property. Various hospitality, retail and dining destinations are also close by.<\/p>","protected":false},"excerpt":{"rendered":"<p>King Street Properties and Nuveen Real Estate acquired the life science park in 2020.<\/p>\n","protected":false},"author":3030,"featured_media":1004657116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,1604],"tags":[32946,32799,32796,35805,43901],"class_list":["post-1004656914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-raleigh-durham","tag-alex-brown-realty-inc","tag-cushman-wakefield","tag-jll","tag-king-street-properties","tag-nuveen-real-estate"],"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>JLL to Lease 490 KSF Research Triangle Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"King Street Properties and Nuveen Real Estate have appointed JLL as leasing broker for Eastridge at Perimeter Park in Morrisville, N.C.\" \/>\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\/jll-tapped-to-lease-490-ksf-research-triangle-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL to Lease 490 KSF Research Triangle Campus\" \/>\n<meta property=\"og:description\" content=\"King Street Properties and Nuveen Real Estate have appointed JLL as leasing broker for Eastridge at Perimeter Park in Morrisville, N.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-tapped-to-lease-490-ksf-research-triangle-campus\/\" \/>\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=\"2023-04-12T11:50:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-12T15:31:34+00:00\" \/>\n<meta name=\"author\" content=\"Raluca Toma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Eastridge-at-Perimeter-Park.jpg\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-tapped-to-lease-490-ksf-research-triangle-campus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-tapped-to-lease-490-ksf-research-triangle-campus\\\/\"},\"author\":{\"name\":\"Raluca Toma\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1e908d9381f3929d1d57f95e4db8c529\"},\"headline\":\"JLL to Lease 490 KSF Research Triangle Campus\",\"datePublished\":\"2023-04-12T11:50:29+00:00\",\"dateModified\":\"2023-04-12T15:31:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-tapped-to-lease-490-ksf-research-triangle-campus\\\/\"},\"wordCount\":310,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-tapped-to-lease-490-ksf-research-triangle-campus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Eastridge-at-Perimeter-Park.jpg\",\"keywords\":[\"Alex Brown Realty Inc.\",\"Cushman &amp; 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