Commercial Realty Advisors Represents Seller in Major Downtown Transaction
Congratulations to CRA brokers John Reece and Steve Vallos on the successful sale of the Linden Center at 401 North Research Parkway. This acquisition marks a pivotal step for the Innovation Quarter, signaling continuing momentum in downtown Winson-Salem's expanding biotech and life sciences ecosystem.
The 190,000-square-foot building, once home to Wells Fargo operations, sits on 2.4 acres in the heart of the Innovation Quarter. The three-story facility is ideally suited for conversion into flexible lab and biomanufacturing space to support the region’s booming regenerative medicine and life sciences sectors. This acquisition comes at a transformative time as the district nears full capacity in its existing lab offerings.
The Innovation Quarter is a vibrant innovation ecosystem that fuels startups, research, education, and growth companies. It sits within a dynamic, mixed-use district where people can live, work, play, and thrive. Since 2002, the Innovation Quarter has repurposed historic factories into state-of-the-art labs and developed greenways and community spaces.
“The district has proudly contributed an estimated $2 billion in annual economic impact to the region,” stated Atrium Health.
The Innovation Quarter is a key driver of a larger effort focused on economic growth, innovation, and job creation.
“This transaction reflects the ongoing evolution of Winston-Salem’s urban core – and Commercial Realty Advisors is honored to have played a role in advancing that progress.” - John Reece, Managing Partner at CRA.
Stay tuned for more updates as Innovation Quarter continues to shape the future of downtown and the regional economy.
🔗 Learn more about the deal from WXII: Innovation Quarter acquires Linden Center in Winston-Salem
👉 View the Innovation Quarters official announcement on Instagram