LTP selected to lease next phase of Wake Forest Innovation Quarter, @525Vine
September 11, 2013
Wexford Science & Technology, a BioMed Realty company, has selected Linville | Team Partners as the exclusive brokers of 525@Vine, a 232,000 square foot state-of-the-art research, lab and office facility located in the Wake Forest Innovation Quarter in downtown Winston-Salem.
Currently under construction, 525@Vine is the next phase of development within the Wake Forest Innovation Quarter, an urban research park consisting of 145 developable acres, capable of supporting an estimated six million square feet of space. Innovation Quarter is located in the heart of the dynamic urban area of Winston-Salem and is adjacent to six major academic institutions including Wake Forest University.
“We are very excited to be working on this development that is transforming iconic Winston-Salem real estate into first-class lab, office, and innovation space,“ said Coleman Team, Partner with the commercial brokerage firm Linville | Team Partners. “Wexford Science & Technology is developing not only historic buildings, they are building an innovative culture that will spur significant growth for the future of both the Wake Forest Innovation Quarter and our entire community, “
525@Vine will consist of wet labs, research and innovative office space designed to bring leading corporations and entrepreneurs together. The facility will include environmentally friendly building design and operation designed to Leadership in Energy and Environmental Design (LEED) Gold standards. Originally built in 1925 by R.J. Reynolds Tobacco Company, Wake Forest University Health Services acquired the building in 2005 and it is being fully redeveloped by Wexford Science & Technology in accordance with historical preservation guidelines. Planning is underway to renovate additional historic buildings and create a sustainable, mixed-use destination for the Triad area.
525@Vine will provide a live, work and play atmosphere with world class amenities that include a café, on-site fitness facility, bike storage, access to the Rails to Trails bike and pedestrian pathway, and the adjacent Bailey Park.
“We are very excited about the opportunity to work with Linville | Team Partners as our exclusive listing broker for the 525@Vine project,” commented Mike Brown, Senior Director of Leasing with Wexford Science & Technology. “Wexford Science & Technology is committed to the success of the Innovation Quarter and we believe that our collaboration with Linville | Team will provide the expertise and energy to enhance the marketing and leasing of the available office and research space,” said Brown.
Coleman Team and Aubrey Linville will be representing Wexford in the leasing of 525@Vine. To view property details or download the property brochure, click here.