Research Triangle Institute plans to occupy the 141,000-sf inthe five-story, 30-year-old 800 Park Office Center for fourdepartments. Asking rents in the nine-building complex are $16.95per sf compared with $20 per sf in the general Research TrianglePark market. CB Richard Ellis Inc. is handling leasing at 800 ParkOffice Center.


IBM wants to put more workers in single-story buildings whichoffer flex space. These are less expensive to rent than multistoryoffice buildings and feature open floor plans that can accommodatemore cubicles and more workers. IBM owns most of the 50 buildingsit occupies, but in the past year it has leased about 200,000 sf inthree flex buildings at Keystone Park on Davis Drive. The company'sbuildings in RTP, North Raleigh and Cary accommodate 14,000Triangle employees who work in more than seven million sf ofspace.


After IBM leaves Weston One, 155,000 sf will be available in thebuilding, according to Capital Associates which is leasing theproperty. Some existing tenants and new tenants have agreed tolease some of IBM's space. Weston One will be competing for tenantswith other office projects in the business park. Across WestonParkway Highwoods Properties is building CentreGreen, afive-building office complex totaling 500,000 sf.

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