King Street Properties, BE&K Building Group, Morrisville town officials, and over 100 construction workers celebrated the ‘Topping Out’ of the second of two biomanufacturing buildings located in the first phase of the 75-acre Pathway Triangle in Morrisville, just five minutes from Raleigh-Durham International Airport. The first of the two buildings at the 1 million-square-foot life science hub will be delivered later this year and the second, part of the Topping Out, will be completed in the first quarter of 2024.
Mayor Cawley of Morrisville, King Street representatives, project partners, and construction workers signed the ceremonial beam on the 200,000-square-foot biomanufacturing facility, which was raised in recognition of the partnership, hard work and progress at the site. The advanced manufacturing campus is part of the Pathway real estate platform, which was designed by King Street to remove the real estate obstacles that companies face when considering their drug development options, allowing them to move into a space 18 months sooner and focus on their quest to cure diseases. King Street has successfully launched the Pathway concept in Devens, Massachusetts where they are working on a 45-acre purpose-built development already home to three major tenants.
“We’re so thankful for the dedication and hard work that all our partners and contractors have poured into Pathway Triangle,” said Chris Rouches, Managing Director and Head of Asset Management. “This new advanced manufacturing campus when complete will be transformative for Morrisville, welcoming tenants who are working to create a better future for all through the discovery and development of life changing medicines and technologies.”
“The topping out milestone achieved on King Street Properties’ Pathway Triangle is a testament to the diligence and steadfast commitment of the entire project team, our design partners, and every trade partner,” said Frank Holley, BE&K’s President + CEO. “Every milestone we achieve, big or small, reminds us of the hard work and dedication we pour into our projects. On behalf of the entire BE&K leadership team and our partners, we look forward to our continued journey with King Street Properties.”
The first building in Phase One of Pathway Triangle is 160,000 square feet and the second is 200,000 square feet. Along with the first two buildings in phase one, King Street is planning a 140,000-square-foot R&D facility. In addition, King Street will be developing a stand-alone amenity center on-site which is expected to be at least 8,000 square feet.
King Street entered the North Carolina market over 3 years ago when they acquired Eastridge in Morrisville and has since expanded with two life science buildings in Durham in addition to the Pathway development.