Historic building reimagined as a life science and technology hub
Durham, NC – Wexford Science & Technology, LLC, today announced the official re-opening of The Chesterfield. Vacant since 1999, the historic 286,000 square foot building was redesigned to be a hub of research, entrepreneurial and corporate activity in life sciences and technology.
Located in Durham’s Brightleaf District, the building is approximately 85 percent leased and includes Duke University, BioLabs NC, Nutaniz and Validic as anchor tenants. The Chesterfield will also feature retail amenities, collaboration space for tenants and a spectacular atrium that will serve as a hub of congregation for Durham’s innovation community.
“This revitalized building enables an, activated, collaborative work environment, that promotes the free flow of information and ideas among Duke University, corporate innovators, entrepreneurs and start-ups, and creative endeavors from around Durham, throughout the Triangle, and around the world,” said Wexford’s president, Jim Berens
Originally constructed in 1948, The Chesterfield was proclaimed by Liggett & Myers Tobacco Company to be, “the world’s most modern cigarette factory.” In the newest incarnation, The Chesterfield will showcase one of the world’s most modern co-working life sciences laboratories. BioLabs NC is equipped with top-of-the-line research equipment and services to help start-up companies launch quickly and efficiently to reach their milestones faster.
“The Chesterfield represents a unique opportunity to expand the BioLabs brand into Durham and to the biotech community in North Carolina. Our shared lab and facilities model will provide valuable real estate solution for university spinouts and entrepreneurs throughout the greater Triangle area and to the broader North Carolina biotech community,” said Johannes Freuhauf, co-founder of BioLabs NC. “We are excited to welcome the North Carolina location into our growing national network which includes Cambridge, New York City, San Francisco and San Diego.”
Central to the building’s design is a six story atrium that will increase the amount of natural light in work spaces, enhance the building’s street presence and provide spaces for collaboration, networking and events for the area. The integrated, activated innovation environment provides established companies and institutions, as well as entrepreneurial organizations, with opportunities to collaborate and innovate within Durham’s growing Knowledge Community.
“Duke University is proud to have been a catalyst in the revitalization of downtown Durham and to be a part of Wexford’s latest Knowledge Community,” said Scott Selig, Associate Vice President for Capital Assets at Duke University. “This dynamic environment will foster collaboration innovation and serve as a key connection point between Duke University, the private sector and the innovation community across the region.”
Source: Wexford Science + Technology Press Release | December 5, 2017