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NCRC Signs Lease with Drug Developer

KANNAPOLIS, NC-The $1.5-billion campus will utilize PPD as a draw for similar tenants.

By Carl Cronan | Updated on April 11, 2008

KANNAPOLIS, NC-The developer of the North Carolina Research Campus aims to attract more private-sector tenants after signing Pharmaceutical Product Development Inc. to a 40,000-sf lease. The new office is expected to attract 200 to 300 jobs over the next two to three years, with a focus on clinical research.

PPD, based in Wilmington, NC, will share space in the campus’ Medical Office Building with Carolinas Healthcare System. The new space will be occupied by researchers, project managers, and other medical and scientific personnel to collaborate with pharmaceutical and biotechnology companies.

The 350-acre campus, now under construction and eventually totaling 500,000 sf of office and laboratory space in three facilities, seeks to bring together scientists from universities and corporations in a collaborative environment. Its goal, among others, is to allow for easier transfer of college-generated research to the private sector.

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