Renesas Electronics America, Inc. Signs 90,000 SF Lease with FCP and SCP at Forty540 II in Morrisville, NC
May 17, 2022 – Indianapolis – FCP® and Indianapolis-based Strategic Capital Partners, LLC (SCP) have signed Renesas Electronics America, Inc. (Renesas) to a 90,000 square foot lease at Class A office building Forty540 II in Morrisville, NC in the Raleigh MSA. Renesas, headquartered in San Jose, California, is a wholly owned subsidiary of Renesas Electronics Corporation, the world's number one supplier of microcontrollers and a premier supplier of advanced semiconductor solutions including microcontrollers, SoC solutions, and a broad range of analog and power devices.
“FCP and SCP are thrilled to welcome Renesas to Forty540 II, which is now 95% leased and continuing to attract strong interest from tenants seeking a highly visible and easily accessible location in the RTP/I-40 innovation submarket. We would like to thank JLL for their work representing the tenant on this transaction,” said FCP’s Kevin North.
“Our development team designed Forty540 for companies like Renesas. We thank them for choosing to relocate and grow their Raleigh presence in our project.”
“With the recent lease by Renesas at Forty540 II, the Company is expanding its footprint in RTP,” said Ross Luebbe, Director, Real Estate & Facilities at Renesas Electronics America, Inc.
Forty540 II is a five-story, 198,500 square foot office building located at 710 Slater Road in Morrisville, NC along the highly visible I-40/I-540 intersection in the RTP/I-40 submarket. Developed by FCP and SCP, the building features 41,000 square foot efficient floorplates, prominent building signage opportunities, a fitness center, showers, and an internet café.
Forty 540 achieved the Fitwel® certification making it one of the first suburban Class A buildings in the Triangle region to achieve the designation. The rating is awarded to projects that incorporate a number of evidence-based design and operations strategies that support the physical, mental, and social health of their occupants.
CBRE|Raleigh’s Brad Corsmeier and Ed Pulliam represented FCP and SCP and JLL represented the tenant.