Nutanix Commits to 70,000 Square Feet in Downtown Durham’s Brightleaf District

12/7/16

Nutanix, the leading provider of advanced datacenter infrastructure solutions, recently completed a lease transaction for 70,000 square feet in the Chesterfield building at 701 W. Main Street in Durham. The Chesterfield is a 286,000-square-foot redevelopment project by Wexford Science + Technology in downtown Durham’s Brightleaf District. Nutanix will be joining Duke University and BioLab NC as anchor tenants in the building formerly known as the headquarters for Liggett and Myers Tobacco Company. Savills Studley, the leading global commercial real estate firm specializing in tenant representation, advised Nutanix in the lease negotiations.

The company, experiencing unprecedented growth in operations in Durham, outgrew its current space in the Measurement Building at 404 Hunt Street. A second location for additional operations has been leased on a short-term basis in the Croasdaile area of Durham, to complement the Hunt Street location. This expansion space will allow for continued growth while the company awaits build-out and occupancy of its new space in the Chesterfield building next summer.

Savills Studley Corporate Managing Director Marlene Spritzer of the firm’s Durham office led the lease negotiations for the team that included Executive Vice President Edwin Yarbrough, and Project Manager Whitney Rodgers. Corporate Managing Directors Joe Brady and Mike Mordaunt of Savills Studley’s San Jose office, who have worked with Nutanix’s headquarters office from its inception, collaborated with Spritzer and her team throughout the transactions.

“Nutanix’s decision to expand their operations to the Chesterfield building reflects the innovative culture at Nutanix and how the unique elements of this adaptive reuse building promote their workplace environment,” said Spritzer.

About Savills Studley

Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals in over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

For more information, please visit www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.

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