Fintech company to relocate to new Durham.ID office building
JLL advises Spreedly on full-floor lease at prime downtown location
Durham, N.C., Oct. 7, 2019 – JLL is pleased to announce that software provider Spreedly has signed a full-floor lease for 25,000 square feet at the seven-story Durham.ID building at 300 Morris Street in downtown Durham.
The company currently occupies approximately 10,000 square feet at 733 Foster Street and plans to relocate its headquarters in the spring of 2020.
Spreedly’s software helps fast-growing online merchants build payments systems that boost their flexibility and drive more revenue. With approximately 65 employees, up 40% from a year ago, the company is relocating in order to accommodate rapid growth and to position itself for future talent recruitment.
Spreedly will join WeWork, Kimley-Horn and Bowl Durham at the 160,000-square-foot Durham.ID building, which will include 15,000 square feet of ground-floor retail and a rooftop restaurant and terrace. Part of the 15-acre Durham Innovation District, an emerging tech and life science cluster with an active street life, the building is walkable to dozens of nearby restaurants, bars and coffee shops.
“A core mission of Spreedly is to offer an enriching workplace experience for current and future employees,” said Spreedly CEO Justin Benson. “Our new headquarters at Durham.ID delivers that with a superb location and the amenities we want to attract more great talent as we rapidly grow. We’re also excited to deepen our links to the Durham community, our home since Spreedly was first founded.”
Molly Glasgow and Ryan Lawrence with JLL represented Spreedly on the lease, and Neill Sherron and Matthew Goodrich represented the landlord, Longfellow Real Estate Partners.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.