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Lincoln Harris Arranges 50,000 SF Lease for Blue Cross and Blue Shield
  Posted 5-21-15
       
Lincoln Harris has negotiated a new 50,000-square-foot lease for Blue Cross and Blue Shield of North Carolina at the SouthCourt Building, located at 3211 Shannon Road in Durham, North Carolina.

Kaler Walker and John Mikels of Lincoln Harris’ Raleigh office represented the landlord, Torchlight Investors, in the transaction. Michael Morgan of JLL represented the tenant.

“The Blue Cross and Blue Shield of North Carolina lease will bring the building to an occupancy rate of almost 95 percent, and is the largest lease in the submarket thus far this year,” Walker said. “Blue Cross and Blue Shield of North Carolina is one of the most active tenants in the submarket, and is now the largest tenant in the SouthCourt Building. This lease is a big win for the building as well as the submarket.”

Blue Cross and Blue Shield of North Carolina owns a campus on University Drive and has been in the process of vacating its Chapel Hill headquarters building to consolidate in Durham.

The 131,869-square-foot SouthCourt Building is located at the corner of Shannon Road and University Drive, and features panoramic views of Durham and neighboring Chapel Hill. Providing easy access to interstates 40 and 85, SouthCourt is within minutes of Duke University, Duke Medical Center, Research Triangle Park, Raleigh-Durham International Airport and the University of North Carolina at Chapel Hill.
 
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