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Market Trend: Select Top Three Raleigh/Durham Office Leases Signed in Q4 2013

March 28, 2014
The select top office lease signed during the fourth quarter of 2013 in the Raleigh/Durham market was at 4301 Research Commons in the RTP/RDU submarket. State of North Carolina signed a 90,813-square-foot lease there. Avison Young represented the landlord.

Charles & Colvard, Ltd. signed a 36,344-square-foot lease at Southport XVII in the RTP/RDU submarket. NAI Carolantic Realty, Inc. represented the landlord, while JLL represented the tenant.

TP Triangle signed a 19,616-square-foot lease at Perimeter Park Two in the RTP/RDU submarket. Duke Realty Corporation represented the landlord.

This trend is compared to the U.S. National Office select largest new lease signings occurring in Q4 2013, which include the 515,457-square-foot deal signed by GroupM Worldwide at 3 World Trade Center in the New York City market; CME Group, Inc.'s 449,000-square-foot office lease at the World Finance Center - NYMEX building; Valean Pharmaceuticals International, Inc. taking 310,000 square feet in the Northern New Jersey market; Cogo, Inc.'s lease of 234,484 square feet and Zebra Technologies Corp. leasing 233,286 square feet, both in the Chicago market.

The information in this news report is based on CoStar’s Fourth Quarter 2013 Market Report, a 40+ page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 888-226-7404.

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