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MORRISVILLE, NC

MICROSOFT

EXPANSION

PERIMETER 4 & 1009 THINK PLACE

Worked with Jeff Stephens to secure a new long-term flagship location for Microsoft Corporation.  Initial expansion occurred through securing an off-market sublease that was contiguous to their incumbent space.  Shortly thereafter, the team secured a full-building 186,077 square foot lease.  The lease involved negotiating a three-party transaction (departing tenant and landlord) that included future expansion to accommodate a growing business unit in a high demand office market. 

Multiple options were identified in a market with <8% Class A vacancy that, with existing leases expiring in the prospective building, represented guaranteed expansion space that could be achieved through expansion rights or phased take-downs, saving millions of dollars.