Highwoods Properties, a landlord of some of the Triangle's biggest office buildings, is leasing space to one of the Triangle's biggest landlords of little spaces.Offices Suites Plus has agreed to rent 18,000 square feet from Highwoods at CentreGreen Five off Weston Parkway in Cary.Office Suites leases spaces in office buildings, slices the space into furnished offices equipped with phones and Internet, then subleases the suites to individual companies -- startups, lawyers, financial planners, and so forth -- that share a receptionist, meeting rooms and other common areas.The Lexington, Ky., company has four other Triangle locations -- two in Cary and two in Raleigh. CentreGreen, its fifth, will offer 70 suites averaging roughly 150 square feet each late this year.The business doesn't compete with Highwoods. The Raleigh real-estate investment trust would rather focus on developing and filling buildings with big tenants. And its 100,000-square-foot CentreGreen Five, finished this year, is now about 70 percent leased.
More brokerage consolidation:Real-estate services firm Colliers Pinkard, with offices in Raleigh, Charlotte and Baltimore, is merging with three other Colliers International affiliates: Colliers Turley Martin Tucker of St. Louis, Cassidy & Pinkard Colliers of Washington and Colliers ABR of New York.The combined firm will have national reach, overseeing a property-management portfolio of 288 million square feet and a leasing portfolio of about 210 million square feet.The independent brokerages have increasingly worked together to close deals. In the past year, for instance, Cassidy & Pinkard represented sellers of Crossroads Corporate Park in Cary and Raleigh's Venture Center. It had plenty of help from on-the-ground brokers at Colliers Pinkard."It's a natural step to take, given that we work so closely together," says David Finger, managing partner of Colliers Pinkard's Raleigh office. "It just formalizes a relationship that has existed for some time."
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