NGKF Closes Three NC Deals for Life Science Firms


NKF-logoNewmark Grubb Knight Frank (NGKF) has closed three tenant representation transactions in the Raleigh-Durham market in North Carolina, for major life science firms including a headquarters’ relocation and consolidation for Parata Systems; a renewal and expansion that significantly increases the footprint of Laboratory Corporation of America® Holdings (LabCorp®); and SynteractHCR’s move to Research Triangle Park for larger space to accommodate steady growth of its operations to support global clinical trials. Executive Managing Director Brad Armstrong and Director Doug Brock of NGKF represented all three tenants in the deals that combined include more than $25 million and 224,000 square feet.

  • Parata, a pharmacy technology firm, will relocate to a build-to-suit headquarters at Alexander Industrial Park in Durham. The move also consolidates two Durham locations — corporate offices as well as a manufacturing and distribution center — into new one building with two floors totaling 100,000 square feet.
  • LabCorp, the world’s leading healthcare diagnostics company, renews at Eastridge at Perimeter Park in Morrisville in two buildings with a mix of office and laboratories totaling 87,000 square feet.
  • SynteractHCR, a clinical research organization, is relocating to 430 Davis Drive in Durham and expanding from 11,078 square feet to 23,403 square feet. The company will occupy the fifth floor in a prominent location along the Triangle Expressway and Research Triangle Park submarket.

“These facilities maximize efficiencies to support business objectives and future growth for three distinctly different life science leaders. Parata, LabCorp and SynteractHCR each found the ideal space to improve operations, mitigate costs and strengthen culture,” Brock said.

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    Categories : Durham, Raleigh

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