Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1990
Building Area

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the

exclusive sale representative for 1100 Perimeter’s Edge (the “Property”),

an 84,748 square foot innovation property in Raleigh-Durham, one

of the most coveted real estate markets in the country and a leading

STEM hub. The property is currently 86% leased to an attractive mix of

life science and STEM firms with remaining WALT of 5.2 years.

Investment highlights

The asset is positioned adjacent to the world-renowned Research

Triangle Park (“RTP”), the largest dedicated scientific research park

in the United States and a primary economic driver for the region,

and within Perimeter Park, the region’s premier business park. The

property is surrounded by numerous large-scale single story assets

undergoing life science conversions, creating long-term tailwinds for

1100 Perimeter’s Edge as more than 2,000,000 square feet of nearby

space is being converted to life science, displacing traditional users of

single story product and catalyzing life science leasing velocity as firms

flock to this budding lab cluster. As such, 1100 Perimeter’s Edge stands

to benefit from the long term impacts of decreasing inventory and

sustained tenant demand, which will create a landlord friendly rising

rental rate environment for the foreseeable future.

Raleigh-Durham is poised to rapidly recover from the impact of

COVID-19, and stands to benefit from robust corporate relocations

and in-migration to the region as companies and employees seek

low cost of living, high quality of life, business friendly locales. These

trends, which have been in-place for several years, were catalyzed by

the impacts of COVID-19, as evidenced by recent announcements by

Apple, Google, Gilead Sciences, and Invitae, each of which announced

plans over the past 2 months to establish a sizable workforce in

Raleigh-Durham.

Last Updated Date: 09 Jun 2021
John Mikels
John Mikels
Director, Capital Markets
Ryan Clutter
Ryan Clutter
Senior Managing Director, Office Group Co-Leader
Broker Licenses
MD-645969 NC-172952 SC-6364

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Last Updated Date: 09 Jun 2021

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