(Research Triangle, NC) -- Dec. 6, 2016 -- Longfellow Real Estate Partners has acquired ‘20 TW Alexander,’ formerly the home to GSK-affiliated Stiefel Laboratories. The 150,000 square foot Class A science and technology building, complete with institutionally maintained lab infrastructure is available for lease immediately.
With the purchase, Longfellow grows its North Carolina portfolio to 1.5 million sq ft plus an additional 350,000 sq ft under construction (at Durham Innovation District aka Durham.ID). This is the largest ecosystem of science and technology real estate in the state.
• ‘20 TW Alexander’ is three stories
• On 41.548 acres
• Cafeteria & fitness center
• Near I-40 and RDU International Airport
• Leasing Broker: Neill Sherron w/ Longfellow
• Sale Broker: Pam Michael w/ JLL Raleigh on behalf of GSK
Longfellow plans to re-brand the building and make improvements, but the facility is in excellent condition and is by and large move-in ready.
Addressing a frequent question about acquisitions, Longfellow Managing Director Jessica Brock said this of ‘who’ the building is for: “Coming out of the GSK family, this building is ready for a fast-moving life sciences company - or group of companies - to move into and hit the ground running. The infrastructure is sophisticated and well maintained. The kind of companies we have in mind could come from the RTP market or they could come from markets such as Boston, Austin, and San Francisco. Frankly, this building is a gem, and we will be marketing it coast to coast.”
Addressing the company’s portfolio, Longfellow Managing Partner Adam Sichol said, “Longfellow sees tremendous value in the Research Triangle area and has put together an ecosystem of facilities for all manner of science and technology companies - growing and mature companies, those seeking an urban environment and those preferring an office park setting. But it’s not just having the facilities, it’s the collaborative way Longfellow understands and works with companies that makes the difference.”
Recently, Longfellow helped fast-growing Novan, Inc. nimbly move from one Longfellow ecosystem location to a larger one.
Longfellow recently refreshed its brand and built a dynamic new website showcasing it's tech + life science ecosystem: www.lfrep.com
Durham Innovation District Unveils New Life Science and Tech Buildings
About Longfellow Real Estate Partners
Longfellow Real Estate Partners serves the unique demands of science and technology companies and focuses on the most innovative cluster locations in the US. The firm acquires and develops facilities in strategic locations and builds long-term relationships with research-centric organizations including life science companies, universities, medical centers and research institutes. The principals of Longfellow have developed more than 3.5 million square feet of laboratory and high-tech space over their careers including numerous high profile projects on the East Coast. The Company’s institutional capabilities and entrepreneurial vision enables Longfellow to deliver high-quality laboratories and innovation space while satisfying each tenant’s unique requirements.