Some of you may have heard the expression, “Lease Near the Airport Without Getting Your Wings Clipped”. This phrase has been used by Southport Business Park located one mile south of I-40 on Aviation Parkway in Morrisville and just minutes from RDU International since the late ‘80s. The phrase accurately reflects leasing space in the most professional business park near the airport, offering the best location for the best value in the RTP area…and it still holds true today.
Southport Business Park is a 114-acre office, research and development multi-purpose business park containing seventeen (17) buildings with approximately 900,000 square feet. There are three (3) office lots remaining for future development estimated to accommodate an additional 200,000 square feet. Southport’s parent company is GID Investment Advisors LLC (GID).
Founded in 1960, GID owns 4.7 million square feet of office, flex and industrial space in sixteen business parks located in nine states. Throughout 23 years of flex/industrial park development and management experience, GID has demonstrated a commitment to providing tenants a quality product at an exceptional value. In total, GID owns and manages real estate with an estimated value of $5.3 billion that also includes 915,000 square feet of suburban office property and over 25,000 apartment homes spanning 19 states. GID participates with numerous public pension funds and a Fortune 100 pension fund for the acquisition of flex and office commercial properties and multi-family apartment properties.
GID’s philosophy is that well-maintained properties with exemplary customer service, and intensive management will provide a desirable location for tenants. Some of Southport’s larger tenants include: Catalent, Siemens, Gilmore, Hexatech, Semtech and Campbell University. The park has only a 4% vacancy rate in a market hovering at 18.88%. This is a testament to the management and ownership of Southport.
Dee Creech Osborne, SIOR and I are the leasing agents for the park and work with many types of firms who want easy access to I-40 and a competitive lease rate….thus the saying: “Lease Near the Airport Without Getting Your Wings Clipped!” Let us know if we can be of assistance.