ECONOMIC DEVELOPMENT

1998 New And Expanding Industries

ClinTrials
Moving into a new $24 Million clinical research center on Weston Parkway in Cary. It is a 178,000 square foot building located on a 32 acre site. It will be the new operational headquarters in North and South America.

Cotton Incorporated
Moved its World headquarters to Cary to 125,000 square feet of space located in Weston. The $15 million project brings with it over 100 jobs to the Cary location.

Dialog Corporation
Will be moving its US Headquarters to 65,000 square feet of office space in Regency Park. It will be host to 200 employees in the Triangle.

Lucent Technologies
Building two office buildings totaling 270,000 square feet and $30 million in Regency Park on a 29.2 acre tract on the south side of Symphony Lake to accommodate its growing software development unit.

The Cary Park Hotel
John Q. Hammonds announced plans for a 30,000 to 35,000 square foot convention center in Cary costing upwards of $25 million. It will be located next to the Embassy Suites. Plans are to connect the convention center via breezeway to a 200 room, 8 story hotel to be named the Park Hotel.

Price Waterhouse Cooper
Has leased 56,000 square feet at 1200 Crescent Green with about 300 employees and are looking at expanding its operation by obtaining more space at 1300 Crescent Green.

Association of American Railroads Railinc Division
The Association of American Railroads is moving into 30,000 square feet on Weston Parkway to create a new home for its Railinc division. This division has brought between 50 and 100 jobs from its previous Washington D.C. location.

SAS Expansion
Opened a new 300,000 square foot research and development building at SAS Campus at a $25 million investment. They are in the planning stages for two more new buildings.

Strategic Technologies
Building a 100,000 square foot facility next to its current headquarters in Cary. Plans to grow from 100 to 500 employees over the next five years.

Pallet
Moving headquarters into space at 2001 Weston Parkway. The Company had sales of $24 million last year, up 74 percent.

Highwoods Properties
Contracted to buy 370 acres in Weston to be developed over the next seven years. Projects finished and underway in Cary include more than 1.5 million square feet and 520 acres.

1996-1997 New and Expanding Businesses

 

Siemens Medical Training (expansion)

New Uptime Service Center at MacGregor Park was completed in spring of 1997. The center operates 24 hours a day, seven days a week with a staff of 120 people.

 

Rex Healthcare

Rex Primary Care and Wellness Center will offer primary care services including family internal medicine practice, pediatrics,  and OB/GYN services in a 60,000 square foot facility.

 

Suiken and Kennedy

Has located a research and development office in CentreWest Commons. Suiken and Kennedy is a joint venture between Suiken Technology Company, Ltd. of Japan and Mr. Harold Kennedy, Jr., P.E. of Eastland, Texas that conducts waterworks research and development with an emphasis on technology transfer between the US and Japan.

 

Brightstone Pharma, Inc.

Subsidiary of Skypharma Ltd. in the UK, announced that it will be leasing 30,000 square at MacGregor Business Park. This location will serve their US Headquarters and will serve the entire US market. The company moved to Cary from Irvine, California and plans to hire 200 employees by the year 2000.

 

Time Warner Cable

Lichtin Properties will be constructing a 50,000 square foot with expansion plans to 90,000 square ft. for Time Warner Cable. The warehouse and distribution facility will have roughly 200 employees and 200 service vehicles.

 

360 Communications (Sprint Cellular)

Plans to occupy initially 40,000 sq. feet in a newly constructed 100,000 sq. foot facility in Regency Park. They will be consolidating their Triangle operations into the new structure and there is potential for them to occupy the entire 100,000 sq. feet in time.

 

Schunck Intec, Inc.

Plans to build its North American corporate headquarters (plans call for an ultimate build 108,000 sq. ft. at Kitty Hawk Industrial Park) They will have office, sales, servicing manufacturing and distribution functions at their location that will ultimately employ 350.

 

Rueben H. Donnelly

Signed a 10 year lease for 40,000 sq. ft. of office space at 6000 Aerial Center. Donnelly, a subsidiary of Dun and Bradstreet, will have their publishing and production of Yellow Pages advertisements. They are closing their facility in Terre Haute, IN and will hire approx. 230 people.

 

Strategic Technologies (expansion)

Announced the expansion of its existing facility in MacGregor Business Park. They will now employ approx. 100 people.

 

La Quinta Inn Hotel

Plans to open two hotels with over 300 rooms and employ roughly 150.

 

Embassy Suites Hotel and Conference Center

John Q. Hammons Hotels announced and completed the construction of a 278 room, upscale, suite hotel with a 20,000 sq. ft. Conference Center. The facility will be located in Harrison Park which is adjacent to Weston.

 

The Crescent

Capital Associates is developing a 138 acre mix use corporate park located at the intersection of Kildaire Farm Road and Tryon Road, adjacent to the interchange of US 1 and Hwy. 64 in Cary. It will be the largest commercial real estate project in the Triangle since 1987 with over 1 million sq. feet of office space and 300,000 sq. feet of retail space.

 

Syntel Corporation

A computer software systems development and integration company headquartered in Troy, MI had its official grand opening. They have roughly 350 employees.

 

GTE Mobilnet/Cellular One

Expanded its southeast regional headquarters by building a 100,000 sq. foot facility in Weston of which they will occupy 60,000 sq. feet. The expansion covered the customer care group, engineering, financial services, marketing, distribution, and new product developments departments.

 

Business Communications, Inc.

Plans to start construction on a 7000 sq. foot facility in Weston. The company markets telephone systems.

Oxford University Press

Had a major facility expansion in CentreWest Industrial Park. They essentially doubled their size to  200,000 sq. feet.

 

Seer Technology

Expanded its operation and occupies 50,000 sq. feet (three floors) at 8000 Regency Park. Also, the formerly privately held company announced their initial public offering.

 

Sunox, Inc.

Announced the construction of a 20,000 sq. foot regional headquarters building that will have office, warehouse, and distribution functions.

 

Parker Lincoln Distribution Center

Will be a 30,000 sq. foot, multi-tennant office, warehouse, and distribution facility in Kittty Hawk Industrial Park.

 

MSA (Management Systems Associates)

Announced that they will occupy 56,000 sq. feet in Crossroads Corporate Park. Highwoods REIT is the developer on the project. They are a computer consulting company.

 

Sunshares Recycling

Announced the construction of a 10,000 sq. foot facility in Weatherstone Industrial Center. The site is located near the Cary Public Works facility.

 

Clare Bridge

A $2.4 million assisted-living facility opened in Cary in 1997. This facility will provides a quality facility to growing market for an alternative to nursing homes. There are 22 Clare Bridge facilities across the country.

 

InSite Clinical Trials

Has relocated its national headquarters from Atlanta to Cary. InSite handles the recruiting patients and lining up study sites for clinical research organizations. The company has leased a 7,000-square-foot office in Cary and has hired 50 new employees.

 

R. R. Donnelly

Constructed a 108,000 sq. foot facility in Woodlake Industrial Park. They are a subsidiary of Stream International in Boston. They will be manufacturing, packaging, and distributing computer software.

 

Nortel Distribution Center

Is a 350,000 sq. foot warehouse and distribution facility located at the Woodlake Industrial Park.

 

The Rothchild Group

Announced plans to build a 45,300 sq. foot, speculative, Class A office space on Weston Parkway. It will be a two-story, high end office building on approx. a 4 acre site.

 

First Oakland Properties

Has announced a 45,000 sq. foot speculative, Class A office building in the Weston PUD.

 

MCI

Announced a major expansion with a purchase of an additional 30 acres in Weston, adjacent to their existing facility. Over time, they will be constructing an additional 460,000 sq. foot plus a 1,900 car parking garage. The ultimate employee total is estimated at 3000.

 

Train Depot

Downtown Development Committee in conjunction with the Town of Cary and the State DOT announced the construction of a train depot and DMV driver's license office across from the Chamber building.

 

Amonic Research Group

They constructed a 30,000 sq. foot facility in MacGregor Business Park.

 

Fidelity Bank

Completed construction on a two-story bank building in downtown Cary. It will change the face of downtown forever.

 

NationsBank

Opened a new branch in West Cary at the Cornerstone Development.

 

VanKel Industries, Inc.

A New Jersey company that produces testing equipment for the pharmaceutical industry will relocate its headquarters in a 30,000 square foot facility at Weston Industrial Park, creating 60 new jobs.

 

FAC Realty Trust Inc.

A real estate investment trust that owns and manages factory outlet stores, is moving its headquarters from Smithfield to Cary. The company has leased 18,000 square feet of office space in Cary and has 93 employees.

 

Hannafords

Hannafords A full service food market located on High House Road in Preston Corners.

 

M.A.I.D.

Moved its U.S. headquarters from New York city to Cary in November. The London-based provider of online business information moved to a 30,000 square foot space in Regency Park and will employ 150-175 form the local labor force.

 

FAC Realty (Factory Stores)

Opened in Regency Park with an additional 50 employees.

 

Clin Trials

A "big three" contract research organization plans to expand operations in a move to Cary's Weston PUD. The expansion includes 360 new jobs and is the largest of its seven worldwide locations.

 

Holiday Inn Express

Opens at Regency Park with over 150 rooms

 

The Arboretum (retail and commercial)

Over 30 million investment at Gateway to Cary.

 

SAS

New 300,000 square foot research and development building at SAS Campus at a 25 million investment.

 

Cadence Design Systems Inc.

A company that makes software used to design semiconductor chips and printed circuit boards, is opening a 9,500 square-foot research and development office in Cary that will employ 45 software engineers.

 

Furuno Diagnostics America Inc.

A company which makes medical equipment, is moving its headquarters from Durham to 18,000 square feet of space in Cary. The company is investing close to $6 million to get up-and-running and will add 10 new employees.

 

The Liofol Co.

A developer and manufacturer of glue-like adhesives used to make flexible packaging; moved into a new 13,000 square foot headquarters in Cary. The new facility was a $1.5 million investment for the company.

 

Tangram Enterprise Solutions

A small technology company, is doubling its size by hiring 100 new employees and leasing 50,000 square feet of office space in Cary. The expansion is a result of a new software program called Asset Insight.

 

NEW SHOPPING CENTERS

All photos courtesy of Melissa Bauer.
Copyright © 1999
Comments, questions or suggestions email cnorman@carychamber.com