Duke Realty says it will build another new office building at its Perimeter Park complex in Morrisville. That 245,000 square foot building will include 130,000 square feet to be occupied by Teleflex Medical, which announced expansion in the Triangle last week.
Teleflex will be relocating from Research Triangle Park in an expansion projected to total $20 million in investment in coming years.
Teleflex plans to create 75 new jobs at the new facility within three years.
The Pennsylvania company currently employs 442 in the Triangle.
Duke Realty says the new Class A office space is expected to be completed next September. It will be known as Perimeter Park Three.
Perimeter Park Two, which will cover 206,000 square feet, is already under construction and is 94 percent preleased, according to the company.
“We are very pleased that Teleflex has selected Perimeter Park for its expanding operations. Our ability to offer this new customer the space they need in a new, first-class building, along with Perimeter Park’s superior location in the Morrisville submarket, were important factors in Teleflex’s decision to locate here,” said Jeff Sheehan, senior vice president of Duke Realty’s Raleigh operations. “Perimeter Park continues to attract interest from many leading companies because of its proximity to I-540 and Raleigh-Durham International Airport, the amenities within the park and access to a strong workforce. With the development of Perimeter Three and other development sites we have available in Perimeter Park, we will be able to continue to respond to other companies interested in locating their operations in this dynamic submarket.”
Perimeter Park Two will be occupied by SciQuest, Fujifilm Medical Systems, Compliance Implementation Services and MaxPoint Interactive.
The new Teleflex facility and jobs were announced by Gov. Pat McCrory. In exchange for the jobs pledge, Teleflex will receive a $200,000 performance-based grant from the One North Carolina Fund. Companies awarded these grants receive no money up front and must meet job creation and investment targets in order to qualify for the funds.
The new jobs will be mostly professional and technology positions that the North Carolina Department of Commerce projects will bring an additional $5.4 million annually in payroll to the state. Salaries will vary by function; the commerce department said many will be senior positions with average wages in excess of the Wake County average of $48,042.
Teleflex designs, develops, manufactures and supplies single-use medical devices used by hospitals and health care providers in more than 140 countries.
“Our business has flourished in North Carolina since the early 90’s, thanks to the talent and dedication of our people,” Benson Smith, chairman, president and CEO of Teleflex said in a statement. “Our company is growing, and this new facility will provide our employees with a world-class environment for collaboration, innovation and career growth.”