Search
 

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.