FRAMINGHAM, MA — Calare Properties has made a bold entrance into North Carolina’s Research Triangle region with the acquisition of a premier high-tech manufacturing facility located at 3028 E Cornwallis Road in Durham. The 183,700 sq. ft. property, situated in the heart of Research Triangle Park (RTP), is fully leased to MACOM Technology Solutions Holdings, Inc., a global leader in high-performance semiconductor technologies.
The deal marks Calare’s first investment in the Raleigh/Durham market, reinforcing its strategy of expanding into innovation-driven regions with long-term economic momentum. The company, which also holds industrial assets in the Charlotte submarket, plans to further grow its footprint across the Carolinas through targeted acquisitions and development.
“This acquisition reflects Calare’s commitment to aligning with world-class tenants in high-growth industries,” said Bill Manley, CEO and CIO of Calare. “Our entry into the Research Triangle underscores our focus on sourcing investments that combine high-quality tenancy with long-term growth potential.”
The 55-acre campus is designed to support complex wafer and chip manufacturing. The main facility spans over 150,000 sq. ft. across three floors, featuring advanced cleanrooms, laboratories, and robust mechanical systems. Supplementary buildings on-site support chemical, electrical, and wastewater systems essential for high-precision, round-the-clock operations. Dedicated substations provide significant power infrastructure, reinforcing the site’s readiness for intensive industrial use.
MACOM has signed a 12-year absolute triple-net lease on the facility, with options for renewal, underscoring the long-term value and stability of the asset.
“This facility represents not just a high-performing asset, but a foothold in a market driving the future of technology,” said Bailey Duffy, Acquisition Associate at Calare. “We look forward to expanding our presence in Raleigh/Durham.”
Research Triangle Park is the largest high-tech research park in North America, home to more than 250 companies spanning semiconductors, biotech, pharmaceuticals, and advanced manufacturing. Fueled by growing demand for domestic chip production and proximity to leading universities such as Duke, UNC-Chapel Hill, and NC State, the region is attracting increasing national and international investment.
The broader Triangle region—which includes Raleigh, Durham, Cary, and Chapel Hill—is consistently ranked among the top U.S. metros for economic growth, quality of life, and workforce education.
“With this acquisition, Calare is positioned in one of the country’s most dynamic and resilient innovation ecosystems,” Manley added. “It’s a market where long-term growth and talent converge.”
