JV Completes Durham Life Science Office Asset

DURHAM, NC – Partners, Trinity Capital Advisors and SLI Capital have completed an eight-story, 202,000-square-foot life science and office building in Durham, NC. The asset anchors the mixed-use development, Venable Center.

The newly-constructed, modern, class A workspace, the Roxboro, offers features for life science tenants, such as high floor-to-floor heights, space for mechanical equipment, ample exhaust capacity and dedicated back-up power. The building, designed by Duda Paine Architects, offers amenities including a 1,000-square-foot sky deck lounge, a connecting 1,200-square-foot meeting space and a state-of-the-art fitness center.

The Roxboro additionally features card readers at all entry points and elevators, restroom foot-pulls, auto-flush, UV cleaners, elevators ionization units and a building air purification system, in effort to prioritize the health and wellness of tenants.

The Roxboro serves as the feature building at the Venable Center, which will include 221 luxury apartments and ground level retail space.

The partnership has additionally completed a 792-spot parking garage, which will accommodate the Roxboro’s office tenants, as well as Venable Durham apartment tenants and future retail.

Venable Durham apartments will feature studio, one-bedroom and two-bedroom floorplans, an indoor/outdoor work-from-home center, multiple courtyards and a rooftop lounge and pool. The apartment building is designed by JDAVIS Architects, constructed by Clancy and Theys General Contractors and managed by Kane Residential. The luxury multifamily is slated for completion in early summer of this year.

“Opening the Roxboro energizes the existing locations at Venable Center and sets the tone for what is to come,” says Jeff Sheehan, managing partner at Trinity Capital Advisors. “The building offers a variety of modern workspaces built to easily accommodate life science companies along with universal features designed to protect the health and wellness of our tenants. The Roxboro has all the innovation and finishes of a new development, however it is at home among its historic neighbors and situated perfectly to enjoy downtown Durham.”

“Kane Residential is thrilled to be a part of the re-development at Venable,” says Rob Reid, director of Kane Residential. “Durham residents are connected to the city’s unique story and have a very modern sensibility. We look forward to exceeding their expectations with exceptional amenities, unmatched apartment features and a service-rich lifestyle.”

CBRE Raleigh’s Brad Corsmeier and John Brewer have been retained to handle the leasing for the Roxboro.