Cary-based SciQuest has agreed to lease two the first and second floors of Duke Realty’s new Perimeter Two speculative office building now under construction in Morrisville’s Perimeter Park.
SciQuest, a developer of cloud-based software, will occupy 78,565 square feet in Perimeter Two. The 206,409-square-foot building, which is expected to open in June 2014, is now 91 percent preleased.
Duke’s ability to quickly lease up a new building speaks to the improving health of the Triangle’s office market. The region has seen very little speculative office construction since the credit markets froze in 2008, which has left tenants looking to move with few options.