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Lincoln Harris Completes Office Leases in the Triangle
  Posted 5-19-17
Lincoln Harris has signed four tenants to more than 16,000 square feet of office space at the SouthCourt building in Durham and the Palisades office buildings in west Raleigh.

At SouthCourt, a 132,000-square-foot office building located in Durham, Wells Fargo & Co. recently renewed its lease for 4,262 square feet, and VALIC, a subsidiary of American International Group Inc., has signed a lease for 4,591 square feet. VALIC, a leading retirement plan provider for K-12 educational and other not-for-profit institutions, plans to relocate its offices to the building from the American Tobacco Campus.

The SouthCourt building is now 94 percent occupied, with only one office suite available, compared to 64 percent two years ago, when Lincoln Harris began leasing the property. Kaler Walker and John Mikels with Lincoln Harris represented the landlord. William Allen with Trinity Partners represented Wells Fargo, and Tucker Shade with Savills Studley represented VALIC.

At the Palisades I building in west Raleigh, payment solutions provider OpenEdge Payments recently leased 4,814 square feet, and BG Staffing has leased 2,846 square feet at Palisades II and plans to occupy the space next month.

Real estate investment firm CapRidge Partners, which acquired the two buildings last year, is constructing a new, 3,600-square-foot amenities center at the Palisades II building, including a fitness center, locker rooms, conference facility and lounge area. The new tenant amenities are expected to be complete by the end of the second quarter.

Tucker Shade and Matt Patterson with Savills Studley represented OpenEdge Payments, and Don Shupe with CBRE represented BG Staffing. Kaler Walker with Lincoln Harris represented the landlord.

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