Location: Raleigh-Durham, NC
Size: 307,140 sf
Gateway Centre is a four-asset flex/lab/R&D/office portfolio – consisting of three single-story flex buildings and one 3-story office building – totaling 307,140sf located in the Raleigh-Durham market. The property is centrally positioned along the I-40 Corridor, proximate to the airport and Research Triangle Park, and providing convenient access to Raleigh, Durham, Chapel Hill, and other parts of the Triangle. As nearby properties continue to be converted to life science uses, Gateway is one of the submarket’s few remaining infill options that can cater to biopharma, R&D, tech, and engineering users. The current occupancy offers stable in-place cash flow, while the below-market in-place rents and improving market fundamentals provide the opportunity for upside going forward.