Campus Development

Overview

A national model for university research parks, Centennial Campus continues to grow and develop, making the master plan that was envisioned over 25 years ago a reality. The campus is a partnership of university, public, and private development all working together to make NC State a better place.

Centennial Campus is currently home to over 62 corporate, government, and university partners engaged at the cutting edge of collaborative research and development in science and technology. Private firms, located in the heart of this technologically advanced university campus, enjoy increased connectivity to research and development tools, highly acclaimed, presidential award-winning world class faculty, and high achieving students. These firms find homes in market- based commercial leases with service levels equivalent to traditional office parks, but with a key difference: access to knowledge workers and students in a dynamic university campus setting. Centennial Campus is a live, learn, work and play environment unmatched by any other location. NC State distinguishes itself and provides sustainable competitive advantages to its partner firms on Centennial Campus by requiring strong programmatic connectivity between the university and all tenant- partners. A full time staff is devoted to facilitate this connection as a source of increased R&D productivity and access to faculty, students, knowledge workers, and advanced research equipment for your firm.

Anchor Tenant

NC State University is the fee simple landholder, Master Developer and anchor tenant of this fully zoned Master Planned University Research Campus. We create and manage unique public and private capital funding models and offer established and tested business-friendly internal entitlement processes and experienced staff to facilitate business, finance, and legal issues. Additional staff resources are dedicated to enabling programmatic connectivity to leverage a firm’s R&D budget and IP development.

Opportunities

The Centennial Campus Development Office invites end users, commercial real estate brokers, interested site developers, potential financing interests, and others to learn more about current and future ground development and space leasing opportunities on Centennial Campus. The campus is currently home to seven private ground lease landlords holding over 700,000 SF of privately owned and managed office and lab space available for rent. The university also owns and manages on its own account another 500,000 SF of office and lab space on campus.

New Development

Centennial Campus continues to grow and develop into the unique community envisioned 25 years ago.  Check out our Current Projects page to see what is currently under construction.  On the horizon is a mixed-use Town Center, a Hotel/Conference Center and a Textiles Innovation Center which are all in the planning stages.

Click here to access the Request for Applications and Qualifications (RFQ) for the Textiles Innovation Center on Centennial Campus.

Existing Office Development

  • Keystone Science Center Keystone-Centennial I, LLC, Ground Lessee 1791 Varsity Drive Completed 2010
  • 1801 Varsity Building Kendall-Raleigh, LLC, Ground Lessee 1801 Varsity Drive Completed 2010. Now under sublease to Lexis Nexis
  • Alliance Center SM Alliance Center, LLC, Ground Lessee 901 Main Campus Drive 150,000 SF Class A Office Under Construction, Spring 2015 completion
  • Venture Center Venture Center, LLC, Ground Lessee 901 Main Campus Drive Completed 2007 11,000 SF Class A Office Available

These privately developed, owned and managed lease and sub-lease spaces offer full-service lease rates including structured parking.

Existing Residential Development

  • North Shore   A condo and townhome community at the heart of Centennial Campus.  There are 33 existing units with plans for an additional 111 townhomes to start construction in the near future.
  • The Greens at Centennial Campus   An apartment community consisting of 292 luxury apartments opened in February 2014.  The Greens offers on-campus living options for employees, faculty and others interested in our amenity-filled and vibrant community.

Need more information?

As your initial point of entry for your real estate needs, the Centennial Campus Development Office provides prospective tenants, real estate professionals, and debt and equity market representatives an introduction and perspective of all space and ground lease opportunities on campus, present and future. We’ll provide you updates on all University-owned space for lease, current and planned private office, lab, and other development. Learn about University practices on leasing, brokers and brokerage commission, as well as introductions to space landlords and no-obligation tours of all available space on campus.

For additional information and to start your space or ground lease introduction process, please call or write:

Harlan Stafford, Director, Centennial Campus Real Estate
Centennial Campus Development Office
NC State University Raleigh, NC,
Harlan_Stafford@ncsu.edu
1+(919) 513-3711