The requested news item does not exist. Please return to News
New space nearly triples life sciences company’s office footprint
RALEIGH, May 20, 2013 — Members of Jones Lang LaSalle’s Raleigh-based Tenant Representation group today announced that it secured a lease for Compliance Implementation Services (CIS), a life sciences consulting firm, within Morrisville’s Perimeter Park.
Michael Morgan, Managing Director on JLL’s Tenant Representation team, represented the tenant throughout the transaction by advising on an expansion strategy, which will allow CIS to broaden their footprint in Morrisville.By relocating to the new space, CIS will nearly triple its office square-footage in the market. The new office, located at 3020 Carrington Mill Boulevard, will be a brand new 200,000 square-foot, four story addition to Perimeter Park.
“Over the past five years, the landlord, Duke Realty, provided several expansions opportunities for CIS since its initial occupancy of 4,000 square-feet of temporary office space,” Morgan said. “Time and again, Duke worked closely with us to help them expand into additional space on a timely basis. Ultimately, their efforts culminated to a procurement of a 23,100 square-foot, Class A office facility in the next building to be delivered in Perimeter Park.”
“Due to the growing complexities of regulations and healthcare reform in the life sciences industry, CIS continues to invest in our employee base to best support our client’s needs,” according to Jim Collins, CIS CFO and Co-Founder. “The larger space will allow us to continue to build out our infrastructure with highly skilled compliance experts and commercial operations personnel who advise over 170 companies that range from emerging to large organizations.” CIS has national locations in Morrisville, Philadelphia, Bristol, Chicago and Burlingame and currently employs 50 people in the Triangle area.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.
+1 919 424 8457
+1 312 228-3943