The Triangle is one of 12 regions where demand for life science facility space is at an all time high, and more development is expected, a new report finds.
by Jim Shamp, NC Biotechnology Center April 21, 2021 .
MORRISVILLE – San Francisco-based medical genetics testing company Invitae is investing $114.6 million to bring its wide-ranging test manufacturing capability to North Carolina, adding 374 life sciences jobs to the Research Triangle area.
The company, whose name is pronounced “in-VEE-tay,” is moving into the rezoned and renovated 25-acre site of the former Morrisville Outlet Mall on Airport Boulevard, now with 245,000 square feet of Class A office and lab space and renamed The Stitch. The company said it chose the North Carolina site as its East Coast lab and production facility over competition from Frederick, Maryland.
“Biotechnology companies continue to choose North Carolina as a trusted and reliable location to grow their companies,” said Governor Roy Cooper. “From specialized workforce training programs to world-class research infrastructure, companies like Invitae appreciate the advantages our state de
MORRISVILLE – The Stitch, which is nearing completion at the site of the former Morrisville Outlet Mall, can now offer life science related space.
Owned and developed by Equator Capital Management and OCS Capital, the site will offer 245,000 square feet of office and lab space based on the rezoning decision, CBRE|Raleigh announced Wednesday.
The Stitch is nearing completetion. CBRE|Raleigh rendering.
“It is a huge win that The Stitch has been rezoned to include life sciences and laboratory use, which will only further increase the appeal from a variety of prospective tenants and further add value for ownership. Life Sciences has always been a key industry in the Triangle and companies are increasingly looking for cutting edge lab opportunities, particularly as demand for this space continues to rise. The Stitch will provide Class A space and high-end amenities that are sure to draw in a diversified tenant base,” said John Brewer, Senior Vice President for CBRE|Raleigh.