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Research Triangle Building Getting $2 Mil Renovation to Create Lab Space

CHARLOTTE-The North Carolina Technological Development Authority is converting the 48,000-sf structure into spec laboratory and office space at undetermined rents. The Research Triangle Park is 100 miles northeast of Downtown Charlotte.

By Robert Anthony | Updated on February 15, 2001

CHARLOTTE-Throughout the Triangle, numerous projects are being renovated to include much-needed lab space for start-up companies in the biotechnology industry. Among the projects is a 48,000-sf building in the Research Triangle Park which is being partially converted by the North Carolina Technological Development Authority at a $2 million cost, according to the group’s news release. The park is 100 miles northeast of Downtown Charlotte.

The TDA refused to disclose the rent range for the 20,500 sf portion of the building. The structure is owned by a California company which the authority did not identify. The TDA currently operates a 9,000-sf incubator facility at North Carolina State University.

The TDA plans to prelease all of the first phase and has already signed almost 20 tenants to units ranging in size from 500 sf to 2,000 sf.

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