Prescient Co, Inc. Signs Lease in Downtown Durham
Real Estate Associates, Inc. (REA) is pleased to announce that it has successfully facilitated a long-term lease of 17,217 SF of creative-loft office space in downtown Durham. The 7-year lease to Prescient Co, Inc. was completed in mid-February, with a commencement in April 2017. The space, which is located within the historic Studebaker building at 115 N. Duke Street, features open ceilings, heavy timber columns and joists, a light monitor and other historic features combined with modern finishes. 115 N. Duke is a 22,000 SF, multi-tenant building owned by a local investor. Prescient (www.prescientco.com), which will be moving its headquarters from Colorado to Durham, offers a fully integrated design, engineering, and construction solution through a proprietary software, patented framing system, and turn-key installation to ensure time and cost savings over traditional building industry practices. Prescient was represented by brokers in Cushman & Wakefield’s Chicago and Raleigh offices. Senior Vice President Carey Greene of Real Estate Associates represented the owner, 2050 Bentley, LLC in its negotiations with Prescient.