With Pearl Therapeutics set to expand, Longfellow Real Estate Partner’s Royal Center in Research Triangle Park is now 100 percent leased. Pearl will add another 13,000 square feet of lab space, bringing its total at Royal Center to 36,000.
Longfellow purchased Royal Center and Exchange Place (collectively known as the 180,000 sq ft Imperial Center Office Park) in February. The Boston-based company is also working with Duke University to develop the Durham Innovation District (aka Durham.ID), a world-class research and business hub set amid the Bull City’s hustling and bustling downtown.
The planned Durham Innovation District will offer two million sq ft of Class A office and lab space as well as immersion in the urban amenities 21st century knowledge workers crave. Hundreds of apartments and ample retail will welcome creative professionals as tree-lined lanes connect Durham’s thriving neighborhoods.
Longfellow is nearing completion on another Duke project, the transformation of downtown Durham’s Carmichael Building from a tobacco warehouse to Class A laboratory and office space. Work is expected to wrap up in September. Longfellow also partnered with Duke on the recently renovated the Research Lab.
In July, Longfellow donated $260,000 to create a unique Durham-based community partnership revolving around STEM education to help nurture talent for the Durham Innovation District. Partners in the effort include Duke TIP, Durham Technical Community College, and The Durham Chamber Legacy Foundation. At an announcement event, Mayor Bill Bell praised the company’s foresight and community spirit.