Highwoods Properties Inks Research Triangle HQ Lease
A rail data services provider is relocating from a nearby space.
Railinc has signed a leasing agreement for 56,371 square feet of office space at 11000 Weston Parkway, a Class A office campus in Cary, N.C., owned by Highwoods Properties. JLL represented Railinc in the transaction.
The railroad and tech solutions provider will relocate to the new space in the first quarter of 2025. Railinc is currently based at 7001 Weston Parkway, which is also part of Highwoods Properties’ portfolio, CommercialEdge data shows.
The 11000 Weston Parkway building is part of Highwoods’ Lakeview at Weston office complex, which also includes 11800 Weston Parkway. According to the same source, a third office building—10900 Weston Parkway—is in the planning and permitting stages.
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Completed in 1998 and renovated in 2019, 11000 Weston Parkway provides 178,300 square feet of office space across four stories, with floorplates measuring 44,575 square feet. The LEED Gold-certified lakefront building features a gym, jogging trails, bike storage, indoor and outdoor collaborative spaces, as well as a Take 5 Café, among other amenities.
Notable tenants include Xerox, SBM Life Science Corp. and Transamerica Agency Network.
Located off Lake Crabtree, the property is 5 miles south of Interstate 40, some 4 miles northwest of downtown Cary and nearly 6 miles south of Raleigh-Durham International Airport. Railinc’s current headquarters is less than 1 mile away.
JLL-led Raleigh-Durham deals
JLL Managing Director Kimarie Ankenbrand and Executive Vice President Ryan Lawrence represented Railinc in the lease.
Earlier this month, JLL Capital Markets brokered Highwood Properties’ sale of an eight-building medical office portfolio in Raleigh, N.C. The portfolio comprises 338,000 square feet and sold for $79.4 million.
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