Leading global CRO signs 12-year lease for Perimeter Five office building
JLL has completed a new transaction for INC Research Holdings Inc.(Nasdaq: INCR) at Perimeter Five, 3032 Carrington Mill Boulevard in Morrisville, N.C.The leading global contract research organization inked a lease for the entire 215,450-square-foot, Class A office building located within the Perimeter Park master planned office park.
The tenant, INC Research, was represented by Erika Jean McNeil, along with Paul Glickman, Matthew Astrachan and Michael Morgan, all with JLL. The group worked closely with Kevin Brandenburg, senior vice president and head of corporate services, for INC Research. William Allen with Trinity Partners represented the landlord.
“JLL has been working closely with INC Research to identify an innovative space, state of the art building to house the firm’s global headquarters,” said McNeill. “We were able to find an ideal home for our client at Perimeter Five in the Perimeter Park office complex. INC will be able to relocate to a brand new office building while remaining in the heart of Research Triangle.”
INC Research Holdings Inc. signed a 12-year lease for 215,450 square feet of office space and will occupy the entire Perimeter Five office building, to be located within the Perimeter Park office complex and adjacent to Exit 69 on I-540 in Morrisville, N.C.
Perimeter Park is a 3 million-square-foot office and industrial development with more than 700,000 square feet of properties designed to allow businesses of all types to thrive. Located in the heart of Research Triangle Park and minutes from Raleigh-Durham International Airport, Perimeter Park is at the epicentre of local business in the area. Perimeter Five features efficient floorplans, bright lobbies and striking glasslines with prominent signage and branding opportunities. The office building will feature lake views and besurrounded by the park’s amenities, steps away from green spaces, a cafe serving the entire Starbucks menu, and astate-of-the-art fitness center.
JLL was tapped in mid-2015 by INC Research to serve as exclusive provider of strategic and transactional real estate services for its portfolio of facilities worldwide. Headquartered in Raleigh, N.C., INC Research provides the full range of Phase I to Phase IVclinical development services for the biopharmaceutical and medical device industries. JLL is assisting the company in aligning its office space across six continents with current needs during a period of significant growth.JLL advises INC Research by, providing leasing and strategic analytical services to rationalize the portfolio as the company continues to expand. Currently, INC Research has offices in more than 70 major cities, including Hong Kong, London, Beijing, Tokyo, Toronto, Amsterdam, Moscow, Sidney and Singapore.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,300 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2015, the New York tri-state team completed approximately 32.6 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $8.2 billion; managed projects valued at $7.8 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 141 million square feet.
About INC Research
INC Research (Nasdaq:INCR) is a leading global contract research organization ("CRO") providing the full range of Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. Leveraging the breadth of our service offerings and the depth of our therapeutic expertise across multiple patient populations, INC Research connects customers, clinical research sites and patients to accelerate the delivery of new medicines to market. The Company was named “Best Contract Research Organization” in December 2015 by an independent panel for Scrip Intelligence, and ranked “Top CRO to Work With” among large global CROs in the 2015 CenterWatch Global Investigative Site Relationship Survey. INC Research is headquartered in Raleigh, NC, with operations across six continents and experience spanning more than 110 countries. For more information, please visit www.incresearch.com and connect with us on LinkedIn and Twitter @inc_research.
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 70,000.On behalf of its clients, the company provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
