Renovation work, including parking lot upgrades, landscape improvements, new monument signage, new exterior paint, modernized restrooms, and a leasing center are currently underway. The newly renovated buildings will have open ceilings and expansive floor plates with one of the twin buildings ready for tenant improvements to commence in Q4 2021.
“540 Tech Center will provide a renewed, modernized product that will meet the needs of a variety of user profiles within this market,” said Peter Moon, Vice President of Asset Management at Property Income Advisors, Inc.
The company has retained Mac Hammer, Kent Honeycutt and Stacy Mbithi of Cushman & Wakefield to oversee leasing at the property.
"It's rare to have a 110,500-square-foot block of vacant space in buildings of this quality with zoning flexibility that allows for life science, office or flex/warehouse users,” Hammer said. “With the number of companies looking to the Triangle for new locations and often with tight timelines, 540 Tech Center offers a unique position to accommodate tenant needs.”
540 Tech Center’s 110,500 square feet of availability is in two contiguous buildings totaling 55,250 square feet per building, which is divisible to 27,625 square feet. Additionally, the buildings offer multiple entry points, 18’ clear height, a 4.3/1,000 sf parking ratio, one dock door per building, and two on-site generators.