Construction is about to begin on an office building in Cary that will be home to two internationally-known companies looking for room to grow.
The six-story building overlooking Symphony Lake will be anchored by Chiesi USA, a pharmaceutical company that will move its headquarters there from across Regency Parkway, and Black & Veatch, an engineering, consulting and construction company consolidating its local offices. Both firms say they are making the move to to accommodate long-term growth.
The anchor firms will each take up two floors, for a total of nearly 100,000 square feet, which leaves 50,000 square feet for leasing on the 14-acre site.
“Regency Woods II will bring a modern feel to Regency Park with sleek glass, open floors and special design features – and we’re happy to welcome Chiesi and Black & Veatch as signature tenants,” J.D. McNeill, vice president of asset management at Spectrum, said in a statement.
The office building will be across the lake from the Koka Booth Amphitheater.
Chiesi USA is the United States affiliate of a global research-and-development pharmaceutical company based in Italy. It focuses on hospitals, rare disease and specialty care settings. The parent company has more than 4,500 employees in 26 affiliates in more than 70 countries.
Black & Veatch builds critical infrastructure in energy, water, telecommunications and government sectors. The company, which is employee-owned, is based in Kansas and has 100 offices worldwide.
Spectrum is based in Charlotte and has a portfolio of more than $1.5 billion. BCDC works with developers in the Southeast and Midwest on commercial real estate projects.
LS3P is the architectural firm on the project, and WithersRavenel the engineering. Construction will begin this fall and the building is expected to be completed by the end of 2018.