Scannell Properties Targets Raleigh-Durham For Extensive Real Estate Development Three Key Projects Underway Will Boost Economy
October 13, 2017
Located on Raleigh’s eastside in Knightsdale is the third new Scannell development called Eastgate 540.
Commercial real estate development in the Raleigh-Durham market is booming and Scannell Properties has recognized the area’s potential by starting three premiere developments ideally located for business growth.
Scannell is contributing to the ongoing business growth at Triangle Business Center (TBC), Innovation at Imperial Center and Eastgate 540 with the development of three new speculative warehouses that will be available for lease for companies who want to join other existing professional office, research & development, and industrial companies. More important, the new warehouse development will fuel economic growth by creating hundreds of jobs from companies looking to relocate and/or expand.
Currently under construction at Triangle Business Center is TBC-2, a 200,000 SF warehouse facility with a target date of March 2018. Nearby in Durham at Imperial Center - a 456 acre class-A business campus - construction has begun on the first of two buildings at Innovation, a single-story 61,325 SF R&D flex facility. Located on Raleigh’s eastside in Knightsdale is the third new Scannell development called Eastgate 540. Construction has recently been completed on a 150,000 SF warehouse building. This is the first of what is planned to be a 1M SF park. Build to Suit options are available for sale or lease.
Scannell Partner Bill Linville says, “The synergy from education, technology and business, along with a beautiful lifestyle environment, continue to energize growth across the three cities that comprise ‘the Triangle’ – Raleigh, Durham, and Chapel Hill. Our business parks are ideally located to accommodate corporate demand. We are committed to this market and will be developing more properties over the next few years.