Goldman Sachs Asset Management and Lincoln Harris Purchase Life Science Campus
445,000 square-foot parcel is located in Raleigh-Durham's Research Triangle Park region
A fund managed by the real estate business within Goldman Sachs Asset Management and North Carolina real estate firm Lincoln Harris is acquiring a five-building life science campus that’s part of Raleigh-Durham’s Triangle Business Center
The property, now known as TBC and previously owned in part by Lincoln Harris, includes the buildings located at 4016, 4020, 4021, 4022 and 4025 Stirrup Creek Drive. Terms of the transaction were not disclosed.
Located on Stirrup Creek Drive next to Raleigh-Durham’s Research Triangle Park, the 445,000-square-foot campus is home to DuPont, Carsgen Therapeutics, Brightview Technologies, HemoSonics and Charles River Labs. The single-story buildings include upgraded infrastructure specific to the needs of life science organizations, along with grade-level and dock-height loading.
Previous owners undertook extensive upgrades to highlight the property’s park-like setting while introducing a 14,000-square-foot freestanding amenity center. The newly completed two-story facility features a fitness center, outdoor recreational space, shower facilities, lounge and conference space, which are available to all of the property’s tenants.
The new owners plan to continue the campus improvements, moving forward with further upgrades to the utilities servicing the unique needs of life science tenants along with new speculative lab suites designed to be move-in-ready for additional life science businesses.