Longfellow Makes Big Moves at Keystone Technology Park

2/27/17

Freudenberg IT, Metabolon Deals Build On Firm’s Thriving Life Science and Tech Ecosystem in RTP

With the signing of technology firm Freudenberg IT and the lease renewal and expansion of Metabolon at Keystone Technology Park, Longfellow Real Estate Partners continues to demonstrate it is the go-to resource for innovative companies in Research Triangle Park.

Freudenberg IT (FIT), a division of Freudenberg Group, is a global leader in managed cloud services focused on hosting mission-critical applications, most notably SAP and Microsoft.

“Since locating to the Research Triangle Park more than a decade ago, our company has grown successfully; not surprisingly, we outgrew our old space,” says FIT America CEO, Michael Heuberger. “The decision to expand our footprint in Keystone Technology Park was easy thanks to the location’s employee-focused amenities, the new building’s ability to accommodate a modern aesthetic and the flexibility of Longfellow’s management team.”

Freudenberg IT will take up approximately 27,000 square feet in Keystone Tech 8. More than 150 employees will work in the space. Neill Sherron of Longfellow Real Estate Partners represented the owner, and Deb Boucher and Kathryn Lawn of Cushman & Wakefield represented Freudenberg IT.

Next door at the Keystone Tech 6 building, Metabolon, the leading health technology company focused on metabolomics, is expanding its operations to adjacent space.

“We recognized some months ago that our existing space would not be able to fully support our growing technical and laboratory operations,” said John Ryals, PhD, Metabolon CEO. “When the space next to us became available, it was an ideal solution that gave us room to expand and keep our staff in one building. Longfellow has been a valuable partner to help us meet our facility needs and continue to grow within Keystone Technology Park.”

Metabolon will add the adjacent 13,000 square feet of space, which increases its total square footage to 55,000 and comprises the entire Tech 6 building. Neill Sherron of Longfellow Real Estate Partners represented the owner, and Matthew Cooke of Davis Moore Capital and Sue Back of Foundry Commercial represented Metabolon.

About Longfellow Real Estate Partners

Longfellow Real Estate Partners serves the unique demands of science and technology companies and focuses on the most innovative cluster locations in the US. The firm acquires and develops facilities in strategic locations and builds long-term relationships with research-centric organizations including life science companies, universities, medical centers and research institutes. The principals of Longfellow have developed more than 3.5 million square feet of laboratory and high tech space over their careers including numerous high profile projects on the East Coast. The Company's institutional capabilities and entrepreneurial vision enables Longfellow to deliver high quality laboratories and innovation space while satisfying each tenant's unique requirements.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.