Restor3d joins the Park Point community with 50,225 SF lease
May 3, 2022
Trinity Capital Advisors signed a lease with Restor3d for 50,225 square feet at Park Point, its 100-acre life science and creative campus at Research Triangle Park in Durham, NC. The cutting-edge medical device company will occupy 22,716 square feet on the first floor of the Edge West building. It will also be taking 27,509 square feet at the Grid building. The tenant is slated to move in Q1 of 2023.
“When we were setting the blueprint for Park Point, Restor3d was exactly the type of company we were designing for,” said Jeff Sheehan, Managing Partner at Trinity Capital Advisors. “The company is at the leading-edge of a highly technical field and requires real estate that can grow with them and accommodate their many uses. As intended, we were easily able to provide space for their expanding office, R & D and manufacturing needs.”
Restor3d, a leading medical equipment manufacturing company, enables surgeons to improve the reconstruction and repair of the human body through 3D printed implants with enhanced anatomical fit and superior integrative properties. The company, currently located in Durham, will relocate to Park Point, establishing its new headquarters and expanding its R & D and manufacturing capabilities.
“Restor3d was founded five years ago with the mission of improving medical device outcomes with cutting edge technology and mass personalization,” said Andrew Miller, Co-Founder and COO at Restor3d. “As we entered the market and spread the word on our capabilities, we discovered significantly more opportunity than we even imagined, and as a result have grown at a rate we had not initially anticipated. We are ecstatic to be joining the innovative RTP community. Our new HQ will give us some much needed breathing room in our office, allowing us to expand our team to address the opportunities we are seeing, as well as continue to expand our in-house production capabilities and capacity.”
Tucker Shade from Savills represented Restor3d in the transaction. Doug Cook, Senior Director at Cushman & Wakefield, leads life science leasing efforts for Park Point. William Allen, Partner, Office Leasing at Trinity Partners, handles creative office leasing responsibilities.
Trinity Capital, along with additional investors, currently has more than 500,000 square feet of life science space in development and 2.3 million square feet of space in total in the Raleigh-Durham area. The company recently announced plans for Spark Life Science, a 109-acre advanced life science campus in Morrisville that will feature approximately 1.5 million square feet of cutting-edge lab and bio-manufacturing space. In addition to Park Point, Trinity Capital owns a 911,000 square foot life science/flex portfolio at Southport Innovation Center located off Aviation Parkway as well as the newly completed Roxboro at Venable Center, an eight-story 202,000 square foot lab and office building in downtown Durham.