Biotech Lab Coming to Midtown Raleigh

20 December, 2021
Midtown BioCenter in Raleigh, NC

 

East West Partners recently announced plans to reposition vacant retail space in Midtown Raleigh, NC as Midtown BioCenter, a 100,000-SF tenant-ready lab and life sciences facility.

The project is a redevelopment of a long-closed Kroger store and will bring much-needed support to the region’s growing biotech industry. “Midtown BioCenter will allow for an immediate need lab or biomanufacturing user to locate and operate alongside best in class, retail, office, and residential, all within one mile of I-440,” said East West Senior Managing Partner Lee Perry.

With limited easy sites for biotech projects, developers are finding creative opportunities – like repositioning retail – to bring desirable space to the market. “We are seeing developers transform existing sites into lab space to keep up with the growing demand in Raleigh-Durham,” said CBRE|Raleigh’s Executive Vice President Lee Clyburn. “East West Partners has found a great opportunity to execute in our market.”

Learn more about Midtown BioCenter here.

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