RALEIGH, NC—Duke Realty Corporation just announced plans to develop a new 206,409-square-foot, class A office building in Perimeter Park, its mixed-use development in Morrisville. Known as Perimeter Two, the office building is already 50% preleased to three companies: Fujifilm Medical Systems, Compliance Implementation Services and MaxPoint Interactive.

Perimeter Two is a five-story building in Perimeter Park. Perimeter Park is a master-planned office and industrial park with more than 3.1 million square feet of existing space, and land available for up to another 1.5 million square feet of development.

“The Raleigh area, particularly the Morrisville submarket, continues to be a growing area and a desirable location for many companies,” says Jeff Sheehan, senior vice president of Duke Realty's Raleigh operations. “Ongoing interest in Perimeter Park, limited availability in our existing office properties, and space commitments by three tenants, indicate the timing is right to begin this new facility, our first speculative office development in five years.”